Selling Online is now providing amazing opportunities to ordinary people across the world.
If you are one of the new breed of online entrepreneurs successfully selling through your own website or through the marketplaces such as Amazon or Ebay, you will know there is alot to think about – from web localisation and logistics, to payment preferences and international VAT obligations.
Online selling, as with bricks and mortar, attracts the normal societal rules of taxation and VAT. To ignore the VAT regulations can ultimately cost you your business. The tax authorities are much more proactive in searching out non-compliant online retailers. Once they find you, penalties and interest can be applied on any VAT owed. Therefore planning ahead and understanding what is required will breath longevity into your business.
In our recent article published by Business West, we highlight what online retailers need to think about when it comes to VAT.
Don’t bury your head and definitely don’t let VAT be a barrier to your international expansion plans! There is expert help at hand!
If you would like to know more, for more information please do not hesitate to speak to one of our team:
Telephone: 00 44 (0) 1273 634594 – or email at email@example.com