Category: VAT

British Columbia: Upcoming changes to PST collection for marketplaces Over the last few years, Canadian federal government and provinces have been introducing reform after reform to tax collection processes for ecommerce businesses.    British Columbia is the latest province to change…

As the original influencer platform, Instagram holds promise for modern entrepreneurs and business owners alike. With over 1 billion active monthly users and over 200 million of them visiting business accounts daily, the social media platform has become a popular…

Chain Transactions: How to treat them from a VAT Perspective ‘How should a business treat a chain transaction?’ is a common question we get asked at SimplyVAT.com. And it’s not surprising that businesses are often confused about the VAT treatment…

VAT For Events: Digital Or In-person Now that the world is finally starting to get back to normal after more than a year of Covid-19-induced change, many firms are beginning to organise in-person events, fairs, trade shows, and other gatherings….

Audits: Don’t let one ruin your year It’s one of the most dreaded letters any business person receives. It starts innocently enough, “Dear Taxpayer, while processing your return, we noticed a few issues which raised questions…” and then the dreaded…

The federal government of Canada is introducing new tax rules for ecommerce, which are proposed to come into effect as of 1 July 2021. These will aim to create a fair environment for taxation where all online businesses can compete on equal footing.   Currently, foreign ecommerce traders generally don’t have to collect GST/HST on the supplies they…

VAT rates: Are you charging your customers correctly? Only a few days to go before the new ecommerce VAT rules should come into effect in the EU. Starting 1 July 2021, the general rule for ecommerce taxation is changing and all online businesses should make sure they are ready to apply the new…

EU VAT Changes 2021: Frequently Asked Questions  As the EU VAT reforms approach, we’ve been running our webinar Unpacking the EU VAT Changes to explain how international ecommerce businesses can prepare to comply from July. Having opened the floor for attendees to ask the questions they needed answered,…

For many sellers, the UK Flat Rate Scheme has been helpful in managing their cash flow and simplifying their records. This scheme allows them to apply a fixed VAT rate. However, with new UK ecommerce rules for UK sellers, businesses…

Brexit: Will Amazon and Ebay collect UK VAT on your behalf?   As an Amazon seller, you may have received a communication from the marketplace explaining changes to the VAT treatment of your supplies in the UK from 1 January 2021. This message from…