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.
HMRC Trade Tariff Tool For Your Commodity Code
A commodity code is a code that allows sellers to categorise their goods. This allows the products to go through customs much more efficiently and will make filling in declarations and other paperwork much simpler. This code allows sellers and customs agents to work out what rate of import VAT should be paid, whether the duty is suspended, and whether sellers will need a license to distribute the goods. The code will vary in length but are usually a 10-digit code. The first 6 are the HS code which are recognised globally, and then the last 4 are country-specific.
UKCA Marking – Prepare Your Business
As stated, almost all the products that need the CE marking will now need the UKCA marking if you wish to sell them in the UK. This means that if you sell products in the UK that already have the CE marking it is heavily advised that you seek advice to see if the products now needs UKCA marking. This also applies to products that use the ‘reverse epsilon’ marking. The UKCA marking will only be valid in the UK, just as the CE marking will only be valid in the EU. Thus, if you wish to sell a product in both the UK and the EU it will have to have both markings – UKCA when sold in the UK and CE when sold in Europe.
The New EU VAT Rules – Ecommerce Tips
The OSS & IOSS are the biggest changes that have come into effect with the new EU VAT rules. In a nutshell, the OSS allows sellers based inside and outside the EU to report all their sales to one country in a quarterly VAT return. The IOSS works similarly, but for import VAT and for sales up to €150. The IOSS also requires monthly returns, and you may need an EU-based intermediary depending on which country you register with.
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