New Northern Ireland VAT Rules Explained
There has been quite a lot of confusion surrounding the new VAT rules that will come into effect from January 1st 2021. This has mainly been due to the fact that Northern Ireland will have dual status, in the sense that the country will stay aligned with the EU VAT...
Daily News Round Up 23rd-27th November
Daily News 23rd November 2020 VAT News: Saudi Arabia To Review VAT Increase In July, Saudi Arabia decided to triple their value-added tax from 5% to 15% in reaction to the economic crisis caused by the pandemic. However, the minister of commerce has announced that...
Brexit: The Changes To The Sale Of Overseas Goods
The Border Operating Model, which was released in July, outlined major changes to the sale of overseas goods and sales through marketplaces. This was to ensure that non-UK businesses are treated in the same way as UK businesses, and also to improve the effectiveness of VAT collection and improve the customer experience.
UK Retail Sale Figures For October: E-commerce Surges
As regular readers of this blog will know, the pandemic has boosted e-commerce all over the world and in almost every sector. The UK’s retail sector is no exception. Many had predicted that the growth of retail sales would stall in October, but this did not turn out...
Daily News Round Up 16th-20th November
Daily News 16th November 2020 E-commerce News: Troy UK Launches New E-commerce Platform The new platform launched by Troy, called Troy Commerce, allows members to purchase goods from the Order Hub, but perhaps its most useful feature is that that is also allows...
The RCEP: How Will It Affect E-commerce
The RCEP is concerned with reducing tariffs on trade in goods, as well as creating higher-quality rules for trade in services, including market access provisions for service sector suppliers from other RCEP countries. The RCEP agreement will also reduce non-tariff barriers to trade among member nations, such as customs and quarantine procedures as well as technical standards. This will obviously greatly improve trade and investment in the region.
Prepare For Black Friday & Cyber Monday
Due to the exceptional demand that is to be expected, all vendors should ensure that their websites are capable of handling the increased amount of traffic. This means checking your servers are capable, but also making sure that your software is able to present any deals or bundles you may be offering this Black Friday and Cyber Monday.
Daily News Round Up 9th-13th November
Daily News 9th November 2020 VAT News: Netflix Clashes With Bangladesh Over VAT Regime In a letter to the national board of revenue, Netflix has requested a simplification of the country’s VAT registration, returns filling and VAT payment process in order to better...
What Biden’s Victory Means For The World’s Economy
Whilst the above information does imply that the US will be much less adversarial than it was under Trump, there is still a long way to go until relations between America and other nations are back to their previous states. Indeed, Biden will likely not scrap all of Trump’s policies immediately, since they give him a strong negotiating position. Still, the markets are clearly anticipating that Biden’s victory is good news for cross-border businesses and international trade – and we are too.
The Weekly Daily News Round Up 2nd-6th November
Daily News 2nd November 2020 E-commerce: Amazon.se Launches In Sweden Just 7 months after launching in the Netherlands, Amazon has expanded even further into Europe to its first Nordic country - Sweden. Whilst residents of Sweden were previously able to purchase items...
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