Voluntary VAT Registration VAT registration is not mandatory for all businesses in the UK. VAT registration becomes mandatory only if the taxable turnover of a business crosses the VAT threshold of £85,000, on a 12-month… Continue Reading
Value added tax or commonly known as VAT is collected uniformly by all sellers of goods and services at every stage of the supply chain. Therefore, every party involved in the product contributes to the… Continue Reading
The new value-added tax (VAT) rules for e-commerce sales started functioning from July 1’ 2021. These rules came into effect after greater time spent for analysis, interpretation and detailing. One of the main objectives sought… Continue Reading
The EU new VAT e-commerce rules are in effect from July 1’ 21 after years of discussions and debates. The Eurozone is a major trading hub, its share of contribution to world trade stands around… Continue Reading
The European Union effective 1st July 2021, is implementing the new EU-VAT e-commerce for its operations. Under the new provisions, apart from the regular sellers, online marketplaces also come under the precincts of… Continue Reading
The much awaited New European Union cross-border VAT e-commerce will effectively come to force on 1st July 2021. Due to the pandemic the EU has deferred implementing the new VAT rules from 1 January… Continue Reading
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