VAT COMPLIANCE EUROPE
International E-Commerce & Online Retail VAT Specialists
VCE is a multinational VAT specialist firm and the industry leader in outsourced tax management solutions.
E-commerce is the fastest growing area of retail selling globally and it is important retailers understand the VAT obligations and liabilities, especially in the European Union. Failure to comply with VAT laws will leave online retailers exposed to investigations & potential fines.
We understand that your business demands the highest levels of professional service when dealing with complex cross-border VAT compliance issues and thus our core service relates to the management of foreign VAT registrations and associated compliance issues.
DISTANCE SELLING
Businesses selling goods to consumers in other countries most likely will face an obligation to charge and collect local consumption taxes. The EU has created a special regime, known as Distance Selling, to simplify the administration and burden as far as possible to encourage free trade in the zone.
Each EU country has created a revenue threshold (usually €35,000 per annum) – once the retailer crosses this sales threshold, they must register as a non-resident VAT trader in the country.
VCE SERVICES
• VAT REGISTRATION & REPORTING
• GUIDANCE ON VAT & OTHER TAX RATES FOR YOUR WEBSITE
• FISCAL REPRESENTATION
• FILING OF STATISTICAL REPORTS (INTRASTAT DECARATIONS)
• DISTANCE SALES ANALYSIS & MONIOTRING
E-COMMERCE EXPERTISE
VCE also has expertise in the following areas, which are all relevant for E-commerce traders to understand:
- The use of EU fulfilment centres
- Selling goods via your own website vs. using an online market place (Amazon, eBay, Alibaba etc.)
- Customs considerations (Importer of Record, EORI registration, import VAT recovery)
- Website price format & exchange rates
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