VAT news tagged as "ecommerce"

Europe

EU proposes e-commerce platforms liable for VAT fraud

September 13th, 2017

The EU is progressing with proposals to impose liabilities on online marketplaces for VAT fraud committed by non-EU merchants on their e-commerce platforms.  The move will attempt to tackle over €5bn in non/under declared VAT by fraudsters, many originating from China.  The UK introduced the same measure in 2016 to tackle its own estimated £1.5bn fraud …


Worldwide

How does cross-border taxation impact luxury retailers?

August 14th, 2017

The advent of eCommerce has made goods more accessible and, combined with cheaper, quicker shipping options, more luxury brands are shipping cross-border than ever before. Regardless of the product, the appeal of reaching international markets is a temptation most retailers can’t ignore. But in the rush to expand, many retailers often don’t understand the VAT, …


United Kingdom

UK election derails £1.5bn e-commerce VAT fraud measures

May 2nd, 2017

Last week’s announcement of a 8th June general election caught the whole country by surprise, adding to the general Brexit-fuelled political and business insecurity.  This fallout from the announcment included the postponement of a range of e-commerce anti-VAT fraud measures, contained the 2017 Finance Bill, set to hit the e-commerce sector. The news will be welcome …