Canada requires non-resident marketplaces to collect GST/HST The Canadian government requires non-resident vendors and marketplaces to collect and remit Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on taxable supplies of goods and services made to consumers in Canada. This applies to cross-border transactions made through online platforms, effective July 1, 2021. The …

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UAE VAT Law Amendments- How will Impact for Businesses Pursuant to Federal Decree-Law No.18 2022 (new Decree-Law), the UAE has now announced UAE VAT Law amendments. 2017 on Value Added Tax (VAT Decree-Law), making this the most significant amendment to the VAT legislation to date. The amendments will take effect from 1 January 2023. The …

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Fiscal Representation What is Fiscal Representation? Fiscal representation means companies not registered in the UK or EU, which want to carry out activities in the EU countries. It could be VAT purposes or any other tax purpose. The fiscal representative acts for the foreign company when it comes to the administration and declaration of VAT. …

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VAT registrations in Belgium for Amazon sellers VAT registrations in Belgium for Amazon seller, when you will use the Belgium FBA Package or the Amazon Fulfilment Service. The goods are located at an Amazon´s warehouse in Belgium and sent to the customers directly from the Belgium warehouse. If the delivery into the warehouse is from …

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UK new VAT penalty and surcharges system  What are the new VAT penalty and surcharges system? For VAT periods starting on or after 1 January 2023, HMRC is replacing the default surcharge and penalty system for late returns and late payment of VAT. At the same time, HMRC is introducing a new approach to charging interest on late-paid …

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HMRC update on VAT registration service A new VAT registration process known as the VAT Registration Service or VRS was made available to agents from 1 August 2022. The VRS had been in testing mode for the previous 18 months. It used over 37,000 businesses to successfully register for VAT. One of the key changes …

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What is Companies House Number? A company registration number is used to identify a company to verify that they are registered with Companies House. The number consists of a unique combination of numbers, and letters in some cases. It is specific to every company that is registered in the UK. Company registration numbers apply to …

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Why should You use company formation Agent. A company formation agent is well versed with the company Acts and Laws, company formation procedure and provides free valuable information. Anyone setting up a new company involves a lot of administrative work to get a new business registered with Companies House. FZCO Accountants provides professional, efficient, fast, …

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Companies House new Webfiling  WebFiling is an online service that Companies House provides for the submission of official paperwork. Companies House introduced a new WebFiling account from September 2022.It is quicker and easier system. The new WebFiling account will have improved security features. It will give more freedom to self-manage accountants. The new benefits include …

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Mini budget 2022: Tax cuts all round and key points It comes on top of plans to freeze household energy bills at £2,500 for a typical household. The government was never going to let households face soaring energy bills. However, it is great change and tax cuts all round. National Insurance (NI) The 1.25 percentage …

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