Main facts about the One-Stop Shop (OSS) scheme
As of 1 July 2021, all member states of the European Union will implement a new e-commerce VAT system which includes a One-Stop Shop (OSS) and Import One-Stop Shop (IOSS). Both of those programs aim to simplify compliance obligations so as to promote cross-border online trade and trade across the EU. What is OSS? OSS […]
Buying and selling goods in the EU after Brexit
Your company buys and sells goods, and your business has the opportunity to engage in business with EU customers and suppliers for the first time since recent growth in trading. Are there any VAT issues you need to consider with Brexit in mind? Appropriate registrations When a GB-based business imports or exports goods, a GB […]
How to Maximise Dividends When You Can?
The pandemic has made our lives difference with some business owners having been disadvantages as they used dividends as a profit extraction. The article will shed some light on how to extract profits from your company most efficiently and avoid being disadvantaged in future. Profit extraction and tax efficiency To maximise tax efficiency a director […]
New Distance Selling Regime with the EU: New Challenges and Advice. IOSS and OSS
The new EU B2C distance selling regime that came into force in July 2021 has affected all the supply chains from UK businesses trading with the EU to the end customers. In this article we explore how out clients have been coping since the introduction of the new IOSS and how we can help them […]
Checklist for a UK Business Starting to Trade with EU Customers in Goods and Services. Crucial Things to Consider
Our accountants have developed a 10 points list for business starting to trade with EU.
How to deal with goods that never leave the EU
Our clients often have to deal the situation when they import goods from the EU. However, the goods never leave the EU, because the supplier ships them directly to the end customer who are located in another EU country. How to deal with VAT issue in these cases? Prior to Brexit this situation would constitute […]