VAT and cross-border retailing poses risks, costs, and time burdens for businesses. There are over 100 countries with varying VAT rates and rules that are constantly changing. Key trigger points for VAT include whether goods or services are supplied, how goods move between countries, and supply chain structures. Non-compliance can result in financial and reputational costs. Businesses must ensure transactions are taxed correctly based on place, time, and rate of supply. They should have compliant systems, meet EU statistical obligations, retain proper documentation, and consider refunds of non-UK VAT.
Fong Lau: Fast-tracking into China with cross border e-commerce @AustCham Acc...Fong Lau
Fast-tracking into China with cross border e-commerce
1. Types of cross-border e-commerce
2. Size of the market
3. Reaching the consumers
4. Challenges
5. Key takeaways
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
The Playbook for Achieving Revenue Growth with Cross-Border PaymentsNorma Mushkat Gaffin
Learn about the impact cross-border payments can have on your business as BlueSnap experts walk you through the impact of cross-border payments with 5-Action Software, a fictional company. Plus, get 5 actions you can take to make your own cross-border payments profitable and beneficial for your company's bottom line.
Fong Lau: Fast-tracking into China with cross border e-commerce @AustCham Acc...Fong Lau
Fast-tracking into China with cross border e-commerce
1. Types of cross-border e-commerce
2. Size of the market
3. Reaching the consumers
4. Challenges
5. Key takeaways
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
The Playbook for Achieving Revenue Growth with Cross-Border PaymentsNorma Mushkat Gaffin
Learn about the impact cross-border payments can have on your business as BlueSnap experts walk you through the impact of cross-border payments with 5-Action Software, a fictional company. Plus, get 5 actions you can take to make your own cross-border payments profitable and beneficial for your company's bottom line.
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
An overview of some of the VAT issues facing SMEs including partial exemption; golf clubs; mileage, subsistence and entertainment; and VAT accounting when trading with Europe.
It's not that simple to build a successful online business, in another country. Many companies all over the world have learned this the hard way. In this presentation you will find a few tools that will make it easier for you to make the right decisions on your way.
This presentation used in electronic commerce conference "E-komercija '16" by Max Riis Christensen from company MakesYouLocal.
Presentation at the Museum Store Association Annual Meeting, April 16, 2016.
Introduction for small to medium sized museum retail stores in the management of ecommerce sites, including key metrics and P&L analysis.
Eksportas: įmonių lokalizacija Baltijos šalyse ir SkandinavijojeIeva Jankelaityte
MakesYouLocal - padeda el.verslui sėkmingai plėstis užsienyje.
MakesYouLocal komandą sudaro patyrę el. komercijos specialistai, kurių pagrindinis tikslas yra padėti el. komercijos įmonėms įsitvirtinti naujose rinkose.
Padedame įmonėms priimti strateginius sprendimus, lokalizuoti internetinę parduotuvę, kad ji atitiktų naujoje šalyje keliamus reikalavimus.
Įvedus el. parduotuvę į naują rinką, mūsų vietinė komanda tampa svarbia procesų dalimi. Mes galime pasirūpinti vietinių klientų aptarnavimu, internetinės parduotuvės administravimu, verslo plėtra, rinkodaros planavimu ir visų procesų įgyvendinimu.
Customs and taxes, dealing with trade compliance in cross-border e-commerce Famke Schaap
International e-commerce: understanding the tax and duty implications of selling goods across borders. Gain insights about trade compliance tasks in e-commerce, even if a customs broker takes care. Slides prepared for UN/ITC Ecomconnect initiative (4 June 2020). https://ecomconnect.org/
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
An overview of some of the VAT issues facing SMEs including partial exemption; golf clubs; mileage, subsistence and entertainment; and VAT accounting when trading with Europe.
It's not that simple to build a successful online business, in another country. Many companies all over the world have learned this the hard way. In this presentation you will find a few tools that will make it easier for you to make the right decisions on your way.
This presentation used in electronic commerce conference "E-komercija '16" by Max Riis Christensen from company MakesYouLocal.
Presentation at the Museum Store Association Annual Meeting, April 16, 2016.
Introduction for small to medium sized museum retail stores in the management of ecommerce sites, including key metrics and P&L analysis.
Eksportas: įmonių lokalizacija Baltijos šalyse ir SkandinavijojeIeva Jankelaityte
MakesYouLocal - padeda el.verslui sėkmingai plėstis užsienyje.
MakesYouLocal komandą sudaro patyrę el. komercijos specialistai, kurių pagrindinis tikslas yra padėti el. komercijos įmonėms įsitvirtinti naujose rinkose.
Padedame įmonėms priimti strateginius sprendimus, lokalizuoti internetinę parduotuvę, kad ji atitiktų naujoje šalyje keliamus reikalavimus.
Įvedus el. parduotuvę į naują rinką, mūsų vietinė komanda tampa svarbia procesų dalimi. Mes galime pasirūpinti vietinių klientų aptarnavimu, internetinės parduotuvės administravimu, verslo plėtra, rinkodaros planavimu ir visų procesų įgyvendinimu.
Customs and taxes, dealing with trade compliance in cross-border e-commerce Famke Schaap
International e-commerce: understanding the tax and duty implications of selling goods across borders. Gain insights about trade compliance tasks in e-commerce, even if a customs broker takes care. Slides prepared for UN/ITC Ecomconnect initiative (4 June 2020). https://ecomconnect.org/
2. Why worry?
• Risk
– Financial
– Reputational
• Cost
– Potential loss of margin
– Retrospective liabilities
• Time
– Not adding value to your business
• “Hindsight is a wonderful thing”
3. Putting it in context
• +100 countries…and growing
• Varying complexity (compare UK to (eg) NZ)
• Huge variation in rates (0% -> 27%)
• Constantly moving goalposts
• A true “single market”?
4. Trigger points
• Goods or services?
• How do goods move? (Drop ship? Call off
stocks? Etc)
• Supply flow: Direct sales? Via agent? Reseller?
• Effect of VAT rate on pricing/margin?
• Factor in cost of compliance
6. UK Retailer selling goods to non-EU
customers
• Scope for zero-rating
• Must be exported to a place outside EU
• Proof of export essential:
– Official
– Commercial
• Scope for monthly returns?
• Obligations in destination country?
7. UK Retailer selling goods to customers
in other EUMS
• B2B or B2C?
• B2C
– ‘Default’ position -> UK VAT applies
– Beware Distance Selling rules (£35k ‘warning
light’)
8. UK Retailer selling digital services to
other EUMS
• B2B or B2C?
• B2C
– From 1 Jan 2015 – must account for VAT in
customer’s EUMS
– Register separately in each country? Or,
– MOSS?
10. Refunds of overseas VAT
• EU -> 8th Directive
– Process:
– Time limits
• Non-EU
– Limited scope
– Check on country by country basis
11. Checklist
• Ensure transactions are taxed:
– In right place
– At right time
– At right rate
• Ensure systems are VAT-compliant
• Deal with EU statistical obligations
• Retain proof of export/proof of customer
status
• Consider claiming refund of non-UK VAT