
UK 27,000 e-retailers face £772m Brexit VAT compliance bill
An estimated 27,040 UK small companies selling goods online across the European Union could face an annual £772m VAT compliance bill after Brexit. In a survey of 989 small e-retailers, VAT technology firm, Avalara, estimated the cost per company of new EU VAT registration and returns obligations at €28,568 p.a. for each business. Micro-businesses lose …