International Purchases
To counter the negative effects of the import of heavily subsidized Chinese electric vehicles, the EU is introducing punitive levies from November 2024.
The post EU to introduce extra import taxes on Chinese electric vehicles appeared first on Helpers Finance.
Since the UK has left both the European Union and the Customs Union, the UK is now officially a third country. In line with this, trading regulations has changed radically after Brexit. Read our quick guide to get up to date.
The post Trading with the UK after Brexit appeared first on Helpers Finance.
Currently, tension is growing on the border of Ukraine and Russia. Whether or not it will develop into a military confrontation, the situation is likely to affect economy in Europe and around the world. Even if inflation does not skyrocket, already existing trends might accelerate.
The post How a conflict between Ukraine and Russia can affect business in Europe appeared first on Helpers Finance.
Whether your services are subject to VAT depends on who your customers are and where they are located. Since the applicable VAT rate also depends on the kind of services you sell, international service sales are a complex matter.
The post Selling services – when to charge VAT? appeared first on Helpers Finance.
In line with new regulations, the MOSS (Mini One Stop Shop) will be renamed to OSS (One Stop Shop) and extended to cover a wide range of goods.
The post The OSS at work: VAT rates in the European Union appeared first on Helpers Finance.
If you are shipping from a non-EU country, where and when to pay VAT and customs duty becomes a crucial factor in calculating costs. Planning to purchase something from a third country? Learn about the shipping regulations first.
The post Non-EU shipping regulations: VAT and customs duty appeared first on Helpers Finance.
Starting from 1 July 2021, VAT will apply to all non-EU purchases. The regulation change will have a significant effect on distance sales into the European Union. In order to facilitate the collection, declaration, and payment of VAT under the new regulations, the IOSS scheme was created for sellers as an extension to the already existing MOSS scheme (which applies only to services). If you own an e-commerce business, you should learn about the requirements of the IOSS and update your procedures for the new scheme.
The post IOSS: the VAT system for e-commerce into the EU appeared first on Helpers Finance.
If you buy goods from outside the European Union often, you probably know that value added tax and customs duty do not apply to such purchases under a certain value. But have you heard that the regulation is about to change? The new rules eliminating VAT exemption for non-EU purchases will take effect on 1 July 2021.
The post VAT exemption of non-EU purchases ends in July appeared first on Helpers Finance.
What is distance selling? How is distance selling taxed in the EU? When exactly do I have to register for VAT in the other EU member state? Learn more
The post Taxing distance selling in the EU appeared first on Helpers Finance.