SlideShare a Scribd company logo
WWW.WCAECOMMERCE.COM
Selling Online with VAT
Compliance
London 2018
Name, Title & Company
Gurpreet Sidhu
Cross Border VAT
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
VAT – Value Added Tax
▪ Output VAT
▪ VAT charged on sales
▪ Collected from consumers and PAID to the government
▪ Input VAT
▪ VAT paid on purchases
▪ Paid to the supplier and CLAIMED back from the
government
VAT Basics
VAT on International Cross Border Sales
▪ Sales between EU-28 Countries
▪ B2B – Reverse Charge applied by the Buyer on local VAT Return
▪ B2C – Seller charges VAT and pays applicable government VAT authority
▪ Standard VAT Rate?
▪ Currency?
▪ Export Sales – buyers outside of EU-28
▪ Zero Rated to all consumers
VAT Basics
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
Selling Online
B2B Sales – VAT Neutral B2C Sales – Tax Office VAT Gain
Which VAT Office?
What amount/currency?
When do I file/pay?
▪ Business Seller (B2C)
▪ When do I register for VAT?
▪ Have I registered in the correct EU countries?
▪ How much VAT do I pay?
▪ Which Tax Office do I pay?
▪ How often do I pay?
▪ Any special requirements per EU countries?
VAT Compliance Issues
Your Shop
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
▪ Calculated from 1st Jan to 31st Dec
▪ Reset at the end of the year
▪ NET Amounts count towards the
threshold
▪ Most EUR 35,000
▪ Goods stored in a country effectively
reduce threshold to ZERO
▪ Sellers must monitor sales to each
EU-28 country at micro transactional
level
EU Distance Selling Thresholds
Typical Seller Money Flow
Amazon UK
eBay US
eBay UK
Amazon IT
Amazon FR
Amazon ES
Amazon DE
Amazon CA
Amazon US
eBay AU
Website
eBay DE
Your Shop
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
▪ Collation of Sales & Refund Data per Channel
▪ Your Shop Case = 12 channels
▪ Make request, wait, download sometimes various files per channel
▪ Check ALL Sales/Refund Data
▪ Present
▪ Duplication?
▪ Normalisation of Data
▪ Per Channel
▪ Merge files, by mapping missing data
▪ Country Missing, FBA Movement etc
▪ Date Format, Decimals/Commas
▪ Applying UK HMRC exchange rates for each sales currency
▪ GBP 1 = USD 1.5003 1st Jan 2016 to 26th Jan 2016
▪ GBP 1 = USD 1.4144 27th Jan 2016 to 31st Jan 2016
▪ Extract
▪ Expert use of excel, VLOOKUP's and Pivot Tables
Calculation of VAT – Manual Process
There has to be an easier way?
Calculation of Output VAT
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
All your Transactions in One Place
Cross Border
VAT Software
CBV Software - Dashboard
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
CBV Software - Dashboard
EU Distance Selling Threshold Monitor
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
EU Distance Selling Threshold Monitor
VAT Summary
WWW.WCAECOMMERCE.COM
#WCAECOMMERCE
Output VAT – Ready for the
Accountant
Date
01/01/2016
01/01/2016
01/01/2016
01/01/2016
04/01/2016
01/01/2016
02/01/2016
12/01/2016
02/01/2016
01/01/2016
02/01/2016
01/01/2016
04/01/2016
01/03/2016
01/03/2016
Sales
Currency
GBP
GBP
GBP
AUD
CAD
GBP
USD
GBP
EUR
GBP
EUR
AUD
CAD
EUR
EUR
Sale
Amount
22.48
11.48
15.98
32.48
25.99
15.48
41.96
-18.99
18.99
22.98
13.49
24.98
8
-2.43
-4.57
Product Name
New Womens Plus Size Ladies Cami Pyjama Flower Floral
SatinTrim PJ Set Nouvelle [Size
26
-28,Grey]
New Womens Dress Plus Size Ladies Bodycon Midi Floral
MidStretch Nouvelle 14-28 [Size 20,Mocha]
Womens Kimono Ladies Cardigan Lace Scallop Edge Floral
OpenPlus Size Nouvelle [Size
16,Black]
Womens Poppy Print Asymmetric Hem Sleeveless Tunic Top
Nouvelle Plus Size Ladies [AU
26
-28,Blue]
Skull Gem Dip Hem Black 18
New Womens Floral Lace Cardigan Long Sleeve Waterfall Frill
Nouvelle Plus Size [Size
14,Black]
New Ladies Plus Size Off Shoulder Batwing Baggy Long
SleeveSlouch Dress Top [US 28-30,Turquoise]
Nouvelle Exclusive Duffle Jacket Purple
22
-24
Skull Gem Dip Hem Black 24-26
New Ladies Dress Midi Party Womens Plus Size Sequin
BodyconGlitter Nouvelle [Size 26-28,Silver]
Plain Elastic Jeggings Denim
20
Womens New Cami Tank Top Thin Strap Long Tunic
SummerNouvelle Plus Size Ladies [AU
28
-30,Cerise]
Skull Gem Dip Hem Black 18
Dayna Damen Unisex Fleece ausgekleidet Plain Farbige
Kapuzenmit Cuff Rei? verschluss vorne Damen Jumpsuit Overall
Onesie
Dayna Damen Unisex Fleece ausgekleidet Plain Farbige
Kapuzenmit Cuff Rei? verschluss vorne Damen Jumpsuit Overall
Onesie
SKU
330914505819
330927571599
231497990863
231489474591
1107-Black-18-CA
230958288534
231462735189
3117-Purple-22-24
1107-Black-24-26_DE
231086381048
7013-Denim-20_DE
231534837170
1107-Black-18-CA
ADE8001-Red-M
ADE8001-Red-M
From
Country
GB
GB
GB
GB
GB
GB
GB
GB
DE
GB
DE
GB
GB
GB
GB
Ship
Country
GB
GB
GB
AU
CA
GB
US
GB
DE
SG
DE
AU
CA
DE
DE
EU
Sale
1
1
1
0
0
1
0
1
1
0
1
0
0
1
1
VAT Office
GB
GB
GB
GB
GB
GB
GB
GB
DE
GB
DE
GB
GB
GB
GB
Vat Rate
20
20
20
0
0
20
0
20
19
0
19
0
0
20
20
Currency
GBP
GBP
GBP
GBP
GBP
GBP
GBP
GBP
EUR
GBP
EUR
GBP
GBP
GBP
GBP
Gross
22.48
11.48
15.98
32.48
25.99
15.48
41.96
-18.99
18.99
22.98
13.49
24.98
8
-2.43
-4.57
Net
17.984
9.184
12.784
32.48
25.99
12.384
41.96
-15.192
15.3819
22.98
10.9269
24.98
8
-1.944
-3.656
VAT
4.496
2.296
3.196
0
0
3.096
0
-3.798
3.6081
0
2.5631
0
0
-0.486
-0.914
Thank you
WWW.WCAECOMMERCE.COM #WCAECOMMERCE
▪ Gurpreet Sidhu
▪ gss@crossbordervat.com
▪ 00 44 7973 232468
▪ www.crossbordervat.com

More Related Content

What's hot

Voyage into vat
Voyage into vatVoyage into vat
Voyage into vat
taxadvicedirect
 
European Business Services
European Business ServicesEuropean Business Services
European Business ServicesProteksol sagl
 
Fao-capgemini-european taxreporting services
Fao-capgemini-european taxreporting servicesFao-capgemini-european taxreporting services
Fao-capgemini-european taxreporting services
Magdalena Matell
 
rbc_about_brochure
rbc_about_brochurerbc_about_brochure
rbc_about_brochureRyan Bevan
 
Establishing an ecommerce business in the United Kingdom
Establishing an ecommerce business in the United KingdomEstablishing an ecommerce business in the United Kingdom
Establishing an ecommerce business in the United Kingdom
Darren Ratcliffe
 
2021 Removal De Minimis Exemption
2021 Removal De Minimis Exemption2021 Removal De Minimis Exemption
2021 Removal De Minimis Exemption
Kaitlyn Mode
 
ATA Carnets: Easy Temporary Entry & Exit
ATA Carnets: Easy Temporary Entry & ExitATA Carnets: Easy Temporary Entry & Exit
ATA Carnets: Easy Temporary Entry & Exit
Leslie Levy August
 
VAT and Custom Duties on Crossborder Ecommerce Sales
VAT and Custom Duties on Crossborder Ecommerce SalesVAT and Custom Duties on Crossborder Ecommerce Sales
VAT and Custom Duties on Crossborder Ecommerce Sales
Verkkoteollisuus | Ecommerce Finland
 
Self assessment tax returns for sole traders
Self assessment tax returns for sole tradersSelf assessment tax returns for sole traders
Self assessment tax returns for sole traders
BNW Accountants and Tax Consultants
 
Eu De Minimis Removal
Eu De Minimis Removal Eu De Minimis Removal
Eu De Minimis Removal
Kaitlyn Mode
 
Trade-facilitation---driven-by-global-data-standards
Trade-facilitation---driven-by-global-data-standardsTrade-facilitation---driven-by-global-data-standards
Trade-facilitation---driven-by-global-data-standards
Jaco Voorspuij
 
ATA Carnet
ATA CarnetATA Carnet
ATA Carnet
Balkan Depot Inc
 
BeCommerce launch
BeCommerce launchBeCommerce launch
BeCommerce launch
Carine Moitier
 
2. Choosing The Right Payment System
2. Choosing The Right Payment System2. Choosing The Right Payment System
2. Choosing The Right Payment System
mdda
 
Customs Health Check Flyer - BDO
Customs Health Check Flyer - BDOCustoms Health Check Flyer - BDO
Customs Health Check Flyer - BDO
JulietWallwork
 

What's hot (15)

Voyage into vat
Voyage into vatVoyage into vat
Voyage into vat
 
European Business Services
European Business ServicesEuropean Business Services
European Business Services
 
Fao-capgemini-european taxreporting services
Fao-capgemini-european taxreporting servicesFao-capgemini-european taxreporting services
Fao-capgemini-european taxreporting services
 
rbc_about_brochure
rbc_about_brochurerbc_about_brochure
rbc_about_brochure
 
Establishing an ecommerce business in the United Kingdom
Establishing an ecommerce business in the United KingdomEstablishing an ecommerce business in the United Kingdom
Establishing an ecommerce business in the United Kingdom
 
2021 Removal De Minimis Exemption
2021 Removal De Minimis Exemption2021 Removal De Minimis Exemption
2021 Removal De Minimis Exemption
 
ATA Carnets: Easy Temporary Entry & Exit
ATA Carnets: Easy Temporary Entry & ExitATA Carnets: Easy Temporary Entry & Exit
ATA Carnets: Easy Temporary Entry & Exit
 
VAT and Custom Duties on Crossborder Ecommerce Sales
VAT and Custom Duties on Crossborder Ecommerce SalesVAT and Custom Duties on Crossborder Ecommerce Sales
VAT and Custom Duties on Crossborder Ecommerce Sales
 
Self assessment tax returns for sole traders
Self assessment tax returns for sole tradersSelf assessment tax returns for sole traders
Self assessment tax returns for sole traders
 
Eu De Minimis Removal
Eu De Minimis Removal Eu De Minimis Removal
Eu De Minimis Removal
 
Trade-facilitation---driven-by-global-data-standards
Trade-facilitation---driven-by-global-data-standardsTrade-facilitation---driven-by-global-data-standards
Trade-facilitation---driven-by-global-data-standards
 
ATA Carnet
ATA CarnetATA Carnet
ATA Carnet
 
BeCommerce launch
BeCommerce launchBeCommerce launch
BeCommerce launch
 
2. Choosing The Right Payment System
2. Choosing The Right Payment System2. Choosing The Right Payment System
2. Choosing The Right Payment System
 
Customs Health Check Flyer - BDO
Customs Health Check Flyer - BDOCustoms Health Check Flyer - BDO
Customs Health Check Flyer - BDO
 

Similar to Selling Online with VAT Compliance

Changes in the EU VAT System Affecting eCommerce
Changes in the EU VAT System  Affecting eCommerceChanges in the EU VAT System  Affecting eCommerce
Changes in the EU VAT System Affecting eCommerce
Kaitlyn Mode
 
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeWCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
Kaitlyn Mode
 
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
Kaitlyn Mode
 
Internet World presentation
Internet World presentationInternet World presentation
Internet World presentationTaxamo
 
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
Grupo ATE: ATE Informática
 
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
Farooq Wangde
 
Breakfast briefing exporting post brexit
Breakfast briefing   exporting post brexitBreakfast briefing   exporting post brexit
Breakfast briefing exporting post brexit
PKF Francis Clark
 
Clever Currency Management & VAT
Clever Currency Management & VATClever Currency Management & VAT
Clever Currency Management & VAT
World First
 
VAT - The Basics And Beyond - Joe Cox
VAT -  The Basics And Beyond - Joe CoxVAT -  The Basics And Beyond - Joe Cox
VAT - The Basics And Beyond - Joe Cox
Daytodayebay
 
Vat and cross border retailing ukti external nov 14 (2)
Vat and cross border retailing ukti external nov 14 (2)Vat and cross border retailing ukti external nov 14 (2)
Vat and cross border retailing ukti external nov 14 (2)
taxadvicedirect
 
A guide to some of the basics of VAT
A guide to some of the basics of VATA guide to some of the basics of VAT
A guide to some of the basics of VAT
Terry Dockley & Co Limited
 
GCC VAT Solution Presentation
GCC VAT Solution PresentationGCC VAT Solution Presentation
GCC VAT Solution Presentation
Sandeep Mahindra
 
No Deal to New Deals - Institute of Export and International Trade
No Deal to New Deals - Institute of Export and International TradeNo Deal to New Deals - Institute of Export and International Trade
No Deal to New Deals - Institute of Export and International Trade
Karolina Gizela Peret, MSc in E. Eng.
 
Your First Steps to Amazon’s Global Marketplace
Your First Steps to Amazon’s Global MarketplaceYour First Steps to Amazon’s Global Marketplace
Your First Steps to Amazon’s Global Marketplace
Tinuiti
 
Understanding VAT for small businesses
Understanding VAT for small businessesUnderstanding VAT for small businesses
Understanding VAT for small businesses
Accounts and Legal
 
Going global webinar-avalara-go_transverse final
Going global webinar-avalara-go_transverse final Going global webinar-avalara-go_transverse final
Going global webinar-avalara-go_transverse final
Gotransverse
 
Million Dollar Case Study: Europe – Session #6, VAT in Europe
Million Dollar Case Study: Europe – Session #6, VAT in EuropeMillion Dollar Case Study: Europe – Session #6, VAT in Europe
Million Dollar Case Study: Europe – Session #6, VAT in Europe
Kym Ellis
 
Budget Seminar - March 2016
Budget Seminar - March 2016Budget Seminar - March 2016
Budget Seminar - March 2016
PKF Francis Clark
 
Brexitbrexit sauce.pptx
Brexitbrexit sauce.pptxBrexitbrexit sauce.pptx
Brexitbrexit sauce.pptx
Mark Mandel
 
WCA eCommerce Cross Border Compliance
WCA eCommerce Cross Border ComplianceWCA eCommerce Cross Border Compliance
WCA eCommerce Cross Border Compliance
Kaitlyn Mode
 

Similar to Selling Online with VAT Compliance (20)

Changes in the EU VAT System Affecting eCommerce
Changes in the EU VAT System  Affecting eCommerceChanges in the EU VAT System  Affecting eCommerce
Changes in the EU VAT System Affecting eCommerce
 
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeWCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder trade
 
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade
 
Internet World presentation
Internet World presentationInternet World presentation
Internet World presentation
 
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
BREXIT: FISCALIDAD EN OPERACIONES COMERCIALES Y OPCIONES DE IMPLANTACIÓN EN E...
 
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
Configuring sap-for-european-vat-–-implementation-tips-and-tricks-from-the-ex...
 
Breakfast briefing exporting post brexit
Breakfast briefing   exporting post brexitBreakfast briefing   exporting post brexit
Breakfast briefing exporting post brexit
 
Clever Currency Management & VAT
Clever Currency Management & VATClever Currency Management & VAT
Clever Currency Management & VAT
 
VAT - The Basics And Beyond - Joe Cox
VAT -  The Basics And Beyond - Joe CoxVAT -  The Basics And Beyond - Joe Cox
VAT - The Basics And Beyond - Joe Cox
 
Vat and cross border retailing ukti external nov 14 (2)
Vat and cross border retailing ukti external nov 14 (2)Vat and cross border retailing ukti external nov 14 (2)
Vat and cross border retailing ukti external nov 14 (2)
 
A guide to some of the basics of VAT
A guide to some of the basics of VATA guide to some of the basics of VAT
A guide to some of the basics of VAT
 
GCC VAT Solution Presentation
GCC VAT Solution PresentationGCC VAT Solution Presentation
GCC VAT Solution Presentation
 
No Deal to New Deals - Institute of Export and International Trade
No Deal to New Deals - Institute of Export and International TradeNo Deal to New Deals - Institute of Export and International Trade
No Deal to New Deals - Institute of Export and International Trade
 
Your First Steps to Amazon’s Global Marketplace
Your First Steps to Amazon’s Global MarketplaceYour First Steps to Amazon’s Global Marketplace
Your First Steps to Amazon’s Global Marketplace
 
Understanding VAT for small businesses
Understanding VAT for small businessesUnderstanding VAT for small businesses
Understanding VAT for small businesses
 
Going global webinar-avalara-go_transverse final
Going global webinar-avalara-go_transverse final Going global webinar-avalara-go_transverse final
Going global webinar-avalara-go_transverse final
 
Million Dollar Case Study: Europe – Session #6, VAT in Europe
Million Dollar Case Study: Europe – Session #6, VAT in EuropeMillion Dollar Case Study: Europe – Session #6, VAT in Europe
Million Dollar Case Study: Europe – Session #6, VAT in Europe
 
Budget Seminar - March 2016
Budget Seminar - March 2016Budget Seminar - March 2016
Budget Seminar - March 2016
 
Brexitbrexit sauce.pptx
Brexitbrexit sauce.pptxBrexitbrexit sauce.pptx
Brexitbrexit sauce.pptx
 
WCA eCommerce Cross Border Compliance
WCA eCommerce Cross Border ComplianceWCA eCommerce Cross Border Compliance
WCA eCommerce Cross Border Compliance
 

More from Kaitlyn Mode

E-Logistics and Customs Clearance into Europe
E-Logistics and Customs Clearance into EuropeE-Logistics and Customs Clearance into Europe
E-Logistics and Customs Clearance into Europe
Kaitlyn Mode
 
e-Commerce Consolidation Services for Webshops
e-Commerce Consolidation Services for Webshopse-Commerce Consolidation Services for Webshops
e-Commerce Consolidation Services for Webshops
Kaitlyn Mode
 
World Insurance Services - Chinese FF Seminar
World Insurance Services - Chinese FF Seminar World Insurance Services - Chinese FF Seminar
World Insurance Services - Chinese FF Seminar
Kaitlyn Mode
 
New WCA eCommerce Certification Process & Member Directory
New WCA eCommerce Certification Process & Member DirectoryNew WCA eCommerce Certification Process & Member Directory
New WCA eCommerce Certification Process & Member Directory
Kaitlyn Mode
 
WCA eCommerce Online Community
WCA eCommerce Online CommunityWCA eCommerce Online Community
WCA eCommerce Online Community
Kaitlyn Mode
 
WCA eCommerce Plug & Play Last Mile Concept
WCA eCommerce Plug & Play Last Mile ConceptWCA eCommerce Plug & Play Last Mile Concept
WCA eCommerce Plug & Play Last Mile Concept
Kaitlyn Mode
 
FBT (FBM) Fulfillment by T-mall
FBT (FBM) Fulfillment by T-mallFBT (FBM) Fulfillment by T-mall
FBT (FBM) Fulfillment by T-mall
Kaitlyn Mode
 
High Level Approach to eCommerce Lane Development - A Shipper's Perspective
High Level Approach to eCommerce Lane Development - A Shipper's PerspectiveHigh Level Approach to eCommerce Lane Development - A Shipper's Perspective
High Level Approach to eCommerce Lane Development - A Shipper's Perspective
Kaitlyn Mode
 
WCA eCommerce - SINO 2018
WCA eCommerce - SINO 2018 WCA eCommerce - SINO 2018
WCA eCommerce - SINO 2018
Kaitlyn Mode
 
3PL's Opportunities Integrating with Marketplace Platforms
3PL's Opportunities Integrating with Marketplace Platforms3PL's Opportunities Integrating with Marketplace Platforms
3PL's Opportunities Integrating with Marketplace Platforms
Kaitlyn Mode
 
Brexit - Impact on VAT & Customs Duties
Brexit - Impact on VAT & Customs DutiesBrexit - Impact on VAT & Customs Duties
Brexit - Impact on VAT & Customs Duties
Kaitlyn Mode
 
Is There Life After Brexit?
Is There Life After Brexit?Is There Life After Brexit?
Is There Life After Brexit?
Kaitlyn Mode
 
3 Words to Address the World
3 Words to Address the World3 Words to Address the World
3 Words to Address the World
Kaitlyn Mode
 
Transforming Into a Digital Forwarder
Transforming Into a Digital ForwarderTransforming Into a Digital Forwarder
Transforming Into a Digital Forwarder
Kaitlyn Mode
 
eCommerce - Internet of All Things
eCommerce - Internet of All ThingseCommerce - Internet of All Things
eCommerce - Internet of All Things
Kaitlyn Mode
 
P2P's Collaborative Approach to Building a Global B2C Delivery Network
P2P's Collaborative Approach to Building a Global B2C Delivery NetworkP2P's Collaborative Approach to Building a Global B2C Delivery Network
P2P's Collaborative Approach to Building a Global B2C Delivery Network
Kaitlyn Mode
 
Breaching the Gaps in the Multi-Partner Chain
Breaching the Gaps in the Multi-Partner ChainBreaching the Gaps in the Multi-Partner Chain
Breaching the Gaps in the Multi-Partner Chain
Kaitlyn Mode
 
eCommerce Disrupting Traditional Global Logistics
eCommerce Disrupting Traditional Global LogisticseCommerce Disrupting Traditional Global Logistics
eCommerce Disrupting Traditional Global Logistics
Kaitlyn Mode
 
FBA - How to Benefit Your 3PL Business
FBA - How to Benefit Your 3PL BusinessFBA - How to Benefit Your 3PL Business
FBA - How to Benefit Your 3PL Business
Kaitlyn Mode
 
Risks, Liability & US Regulatory Compliance
Risks, Liability & US Regulatory ComplianceRisks, Liability & US Regulatory Compliance
Risks, Liability & US Regulatory Compliance
Kaitlyn Mode
 

More from Kaitlyn Mode (20)

E-Logistics and Customs Clearance into Europe
E-Logistics and Customs Clearance into EuropeE-Logistics and Customs Clearance into Europe
E-Logistics and Customs Clearance into Europe
 
e-Commerce Consolidation Services for Webshops
e-Commerce Consolidation Services for Webshopse-Commerce Consolidation Services for Webshops
e-Commerce Consolidation Services for Webshops
 
World Insurance Services - Chinese FF Seminar
World Insurance Services - Chinese FF Seminar World Insurance Services - Chinese FF Seminar
World Insurance Services - Chinese FF Seminar
 
New WCA eCommerce Certification Process & Member Directory
New WCA eCommerce Certification Process & Member DirectoryNew WCA eCommerce Certification Process & Member Directory
New WCA eCommerce Certification Process & Member Directory
 
WCA eCommerce Online Community
WCA eCommerce Online CommunityWCA eCommerce Online Community
WCA eCommerce Online Community
 
WCA eCommerce Plug & Play Last Mile Concept
WCA eCommerce Plug & Play Last Mile ConceptWCA eCommerce Plug & Play Last Mile Concept
WCA eCommerce Plug & Play Last Mile Concept
 
FBT (FBM) Fulfillment by T-mall
FBT (FBM) Fulfillment by T-mallFBT (FBM) Fulfillment by T-mall
FBT (FBM) Fulfillment by T-mall
 
High Level Approach to eCommerce Lane Development - A Shipper's Perspective
High Level Approach to eCommerce Lane Development - A Shipper's PerspectiveHigh Level Approach to eCommerce Lane Development - A Shipper's Perspective
High Level Approach to eCommerce Lane Development - A Shipper's Perspective
 
WCA eCommerce - SINO 2018
WCA eCommerce - SINO 2018 WCA eCommerce - SINO 2018
WCA eCommerce - SINO 2018
 
3PL's Opportunities Integrating with Marketplace Platforms
3PL's Opportunities Integrating with Marketplace Platforms3PL's Opportunities Integrating with Marketplace Platforms
3PL's Opportunities Integrating with Marketplace Platforms
 
Brexit - Impact on VAT & Customs Duties
Brexit - Impact on VAT & Customs DutiesBrexit - Impact on VAT & Customs Duties
Brexit - Impact on VAT & Customs Duties
 
Is There Life After Brexit?
Is There Life After Brexit?Is There Life After Brexit?
Is There Life After Brexit?
 
3 Words to Address the World
3 Words to Address the World3 Words to Address the World
3 Words to Address the World
 
Transforming Into a Digital Forwarder
Transforming Into a Digital ForwarderTransforming Into a Digital Forwarder
Transforming Into a Digital Forwarder
 
eCommerce - Internet of All Things
eCommerce - Internet of All ThingseCommerce - Internet of All Things
eCommerce - Internet of All Things
 
P2P's Collaborative Approach to Building a Global B2C Delivery Network
P2P's Collaborative Approach to Building a Global B2C Delivery NetworkP2P's Collaborative Approach to Building a Global B2C Delivery Network
P2P's Collaborative Approach to Building a Global B2C Delivery Network
 
Breaching the Gaps in the Multi-Partner Chain
Breaching the Gaps in the Multi-Partner ChainBreaching the Gaps in the Multi-Partner Chain
Breaching the Gaps in the Multi-Partner Chain
 
eCommerce Disrupting Traditional Global Logistics
eCommerce Disrupting Traditional Global LogisticseCommerce Disrupting Traditional Global Logistics
eCommerce Disrupting Traditional Global Logistics
 
FBA - How to Benefit Your 3PL Business
FBA - How to Benefit Your 3PL BusinessFBA - How to Benefit Your 3PL Business
FBA - How to Benefit Your 3PL Business
 
Risks, Liability & US Regulatory Compliance
Risks, Liability & US Regulatory ComplianceRisks, Liability & US Regulatory Compliance
Risks, Liability & US Regulatory Compliance
 

Recently uploaded

一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
ydubwyt
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Vighnesh Shashtri
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
DOT TECH
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
DOT TECH
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
pchutichetpong
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
RasoulRamezanian1
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
DOT TECH
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
Danay Escanaverino
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
va2132004
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
DOT TECH
 
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
Amil baba
 
how can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APPhow can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APP
DOT TECH
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
DOT TECH
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 

Recently uploaded (20)

一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024
 
what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
 
how to sell pi coins effectively (from 50 - 100k pi)
how to sell pi coins effectively (from 50 - 100k  pi)how to sell pi coins effectively (from 50 - 100k  pi)
how to sell pi coins effectively (from 50 - 100k pi)
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
Latino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino CaucusLatino Buying Power - May 2024 Presentation for Latino Caucus
Latino Buying Power - May 2024 Presentation for Latino Caucus
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
 
how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.how to sell pi coins in South Korea profitably.
how to sell pi coins in South Korea profitably.
 
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...
 
how can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APPhow can I sell my pi coins for cash in a pi APP
how can I sell my pi coins for cash in a pi APP
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 

Selling Online with VAT Compliance

  • 1. WWW.WCAECOMMERCE.COM Selling Online with VAT Compliance London 2018 Name, Title & Company Gurpreet Sidhu Cross Border VAT
  • 2. WWW.WCAECOMMERCE.COM #WCAECOMMERCE VAT – Value Added Tax ▪ Output VAT ▪ VAT charged on sales ▪ Collected from consumers and PAID to the government ▪ Input VAT ▪ VAT paid on purchases ▪ Paid to the supplier and CLAIMED back from the government VAT Basics
  • 3. VAT on International Cross Border Sales ▪ Sales between EU-28 Countries ▪ B2B – Reverse Charge applied by the Buyer on local VAT Return ▪ B2C – Seller charges VAT and pays applicable government VAT authority ▪ Standard VAT Rate? ▪ Currency? ▪ Export Sales – buyers outside of EU-28 ▪ Zero Rated to all consumers VAT Basics
  • 4. WWW.WCAECOMMERCE.COM #WCAECOMMERCE Selling Online B2B Sales – VAT Neutral B2C Sales – Tax Office VAT Gain Which VAT Office? What amount/currency? When do I file/pay?
  • 5. ▪ Business Seller (B2C) ▪ When do I register for VAT? ▪ Have I registered in the correct EU countries? ▪ How much VAT do I pay? ▪ Which Tax Office do I pay? ▪ How often do I pay? ▪ Any special requirements per EU countries? VAT Compliance Issues Your Shop
  • 6. WWW.WCAECOMMERCE.COM #WCAECOMMERCE ▪ Calculated from 1st Jan to 31st Dec ▪ Reset at the end of the year ▪ NET Amounts count towards the threshold ▪ Most EUR 35,000 ▪ Goods stored in a country effectively reduce threshold to ZERO ▪ Sellers must monitor sales to each EU-28 country at micro transactional level EU Distance Selling Thresholds
  • 7. Typical Seller Money Flow Amazon UK eBay US eBay UK Amazon IT Amazon FR Amazon ES Amazon DE Amazon CA Amazon US eBay AU Website eBay DE Your Shop
  • 8. WWW.WCAECOMMERCE.COM #WCAECOMMERCE ▪ Collation of Sales & Refund Data per Channel ▪ Your Shop Case = 12 channels ▪ Make request, wait, download sometimes various files per channel ▪ Check ALL Sales/Refund Data ▪ Present ▪ Duplication? ▪ Normalisation of Data ▪ Per Channel ▪ Merge files, by mapping missing data ▪ Country Missing, FBA Movement etc ▪ Date Format, Decimals/Commas ▪ Applying UK HMRC exchange rates for each sales currency ▪ GBP 1 = USD 1.5003 1st Jan 2016 to 26th Jan 2016 ▪ GBP 1 = USD 1.4144 27th Jan 2016 to 31st Jan 2016 ▪ Extract ▪ Expert use of excel, VLOOKUP's and Pivot Tables Calculation of VAT – Manual Process
  • 9. There has to be an easier way? Calculation of Output VAT
  • 10. WWW.WCAECOMMERCE.COM #WCAECOMMERCE All your Transactions in One Place Cross Border VAT Software
  • 11. CBV Software - Dashboard
  • 13. EU Distance Selling Threshold Monitor
  • 16. WWW.WCAECOMMERCE.COM #WCAECOMMERCE Output VAT – Ready for the Accountant Date 01/01/2016 01/01/2016 01/01/2016 01/01/2016 04/01/2016 01/01/2016 02/01/2016 12/01/2016 02/01/2016 01/01/2016 02/01/2016 01/01/2016 04/01/2016 01/03/2016 01/03/2016 Sales Currency GBP GBP GBP AUD CAD GBP USD GBP EUR GBP EUR AUD CAD EUR EUR Sale Amount 22.48 11.48 15.98 32.48 25.99 15.48 41.96 -18.99 18.99 22.98 13.49 24.98 8 -2.43 -4.57 Product Name New Womens Plus Size Ladies Cami Pyjama Flower Floral SatinTrim PJ Set Nouvelle [Size 26 -28,Grey] New Womens Dress Plus Size Ladies Bodycon Midi Floral MidStretch Nouvelle 14-28 [Size 20,Mocha] Womens Kimono Ladies Cardigan Lace Scallop Edge Floral OpenPlus Size Nouvelle [Size 16,Black] Womens Poppy Print Asymmetric Hem Sleeveless Tunic Top Nouvelle Plus Size Ladies [AU 26 -28,Blue] Skull Gem Dip Hem Black 18 New Womens Floral Lace Cardigan Long Sleeve Waterfall Frill Nouvelle Plus Size [Size 14,Black] New Ladies Plus Size Off Shoulder Batwing Baggy Long SleeveSlouch Dress Top [US 28-30,Turquoise] Nouvelle Exclusive Duffle Jacket Purple 22 -24 Skull Gem Dip Hem Black 24-26 New Ladies Dress Midi Party Womens Plus Size Sequin BodyconGlitter Nouvelle [Size 26-28,Silver] Plain Elastic Jeggings Denim 20 Womens New Cami Tank Top Thin Strap Long Tunic SummerNouvelle Plus Size Ladies [AU 28 -30,Cerise] Skull Gem Dip Hem Black 18 Dayna Damen Unisex Fleece ausgekleidet Plain Farbige Kapuzenmit Cuff Rei? verschluss vorne Damen Jumpsuit Overall Onesie Dayna Damen Unisex Fleece ausgekleidet Plain Farbige Kapuzenmit Cuff Rei? verschluss vorne Damen Jumpsuit Overall Onesie SKU 330914505819 330927571599 231497990863 231489474591 1107-Black-18-CA 230958288534 231462735189 3117-Purple-22-24 1107-Black-24-26_DE 231086381048 7013-Denim-20_DE 231534837170 1107-Black-18-CA ADE8001-Red-M ADE8001-Red-M From Country GB GB GB GB GB GB GB GB DE GB DE GB GB GB GB Ship Country GB GB GB AU CA GB US GB DE SG DE AU CA DE DE EU Sale 1 1 1 0 0 1 0 1 1 0 1 0 0 1 1 VAT Office GB GB GB GB GB GB GB GB DE GB DE GB GB GB GB Vat Rate 20 20 20 0 0 20 0 20 19 0 19 0 0 20 20 Currency GBP GBP GBP GBP GBP GBP GBP GBP EUR GBP EUR GBP GBP GBP GBP Gross 22.48 11.48 15.98 32.48 25.99 15.48 41.96 -18.99 18.99 22.98 13.49 24.98 8 -2.43 -4.57 Net 17.984 9.184 12.784 32.48 25.99 12.384 41.96 -15.192 15.3819 22.98 10.9269 24.98 8 -1.944 -3.656 VAT 4.496 2.296 3.196 0 0 3.096 0 -3.798 3.6081 0 2.5631 0 0 -0.486 -0.914
  • 17. Thank you WWW.WCAECOMMERCE.COM #WCAECOMMERCE ▪ Gurpreet Sidhu ▪ gss@crossbordervat.com ▪ 00 44 7973 232468 ▪ www.crossbordervat.com