Everything You Need To Know About MTD Software
Essentially, the MTD software will allow you update and store your records digitally. The software will be able to pull information directly from these records and then communicate directly to HMRC. Clearly, this will mean a lot less administrative work for you.
Our Guide To Trading With Northern Ireland Post-Brexit
If you are moving goods to or from Northern Ireland you will need an XI EORI number rather than a GB EORI number in order to ensure that these transactions can be separated from UK transactions. There is another issue that traders have faced when it comes to dealing with the Northern Ireland Protocol since Brexit. Depending on who is buying the products and where the buyer is located will change the VAT implications.
The Northern Ireland Protocol Debacle Continues…
At it’s core, the Northern Ireland protocol is the result of the efforts of the UK and the EU to honour the Good Friday Agreement, which cemented Northern Ireland’s place as independent of the UK. Of course, the Good Friday Agreement gives Northern Ireland an interesting position as being both within and outside the UK simultaneously.
What Is The Outlook For European Dropshipping?
Typically, European dropshippers have gotten their stock from Asia. Whilst this will obviously be much more expensive now, there is still the option of using dropshipping platforms based in Europe. These platforms will likely now represent a more attractive option when it comes to dropshipping in Europe since they hold stock in Europe. This means that sellers will obviously not have to pay extra fees to import their stock.
Sustainable Packaging Has Never Been More Important
Sustainable packaging is a buzzword in ecommerce and logistics, and for good reason. Ensuring your delivery packaging is eco-friendly is not only good for the environment, but it is also encourages increased brand loyalty as the impact ecommerce is having on our...
Ebay Fulfilment Service To Be Launched To The UK
Ebay fulfilment will see the online marketplace partner with Orange Connex to provide the service to sellers. The system has 2 main parts. Firstly, sellers will be able to store their goods and inventory in fulfilment centres across the UK. The first of these centres can be found in Birmingham and Leicester. This brings us on to the next stage of the service, the delivery. Royal Mail and Hermes will act as the delivery partners for the service. Through these partners, Ebay have claimed that they will be able to offer next day delivery and a fully tracked and transparent service.
Is Next-Day Delivery Now A Must?
It may come as a shock to many of you ecommerce sellers to learn that you could be missing out on countless sales due to the delivery options you offer. Research has shown that delivery options are one of the main factors that consumers consider when making a purchase, with 45% of consumers claiming they are much more likely to buy a product if there is the option for next day delivery.
All You Need To Know About The IOSS
IOSS stands for Import One Stop Shop. The system is designed to lessen the administrative burden on foreign sellers for their low-consignment deliveries (under €150). Essentially, the system allows sellers from outside the EU to submit all of their sales that do not exceed €150 to EU countries in one monthly tax return to one country in which they are registered in, rather than filing an individual returns to each individual EU country. The EU tax authorities will then distribute the VAT.
Returned Goods Relief: Who, What, Why, When & How
Did you know that exporters and importers can claim a relief which allows them to pass less Customs Duty and VAT when they re-import to the UK? This is thanks to a mechanism created by the UK government. Termed Returned Goods Relief, the mechanism minimises the amount of customs fees importers and exporters will have to pay.
How To Prepare For The New Customs Control Rules
The first change for the customs control coming into effect is that exporters will have to provide pre-notification of the export of all animal origin and certain animal by-products. This will be required from the 1st of October 2021. Also, from this date, if traders haven’t made a full customs declaration for an exports consignment, their haulier or carrier will need to submit a standalone exit summary declaration providing safety and security information. The next change, which will affect every exporter, is that the process for importing or exporting goods from or to the EU will be the same as the rest of the world. This essentially boils down to making supplementary declarations. Here’s what you can do to prepare for this.
