Director loan overdrawn and paying back  Directors loan account is a way to keep track of the transactions. It is take place between the director and director own personal or family business. However, there are tax ramifications for the company. If the director owes money to the company. The loan remains due nine months and […]

Real time VAT reporting for tax authorises  There is increasing real-time VAT reporting system for Tax Authorities. The global trend of taxation authorities seeking to collect information from businesses’ ERP solutions. Other internal core systems is in real-time by electronic means. Therefore, many countries are implementing new data submission and electronic auditing requirements, creating a

UK Spring Statement 2022:How much tax you will pay Chancellor Rishi Sunak delivered the Spring Statement today, making announcements about National Insurance thresholds, fuel duty and VAT relief. Key points: Fuel duty is reduced by 5p per litre from 6pm on 23 March 2022 (for one year). The Health and Social Care Levy goes ahead as planned

VAT updates in Germany  VAT updates in German, from 1 January 2022, VAT updates in three German Federal States. It will take steps towards advancing the implementation of e-invoicing. In Hamburg, changes have been made in relation to B2G invoicing. Contractors are obligated to send e-invoices in relation to invoices for supplies and contracts issued

Amazon Reopen EFN in the UK Amazon reopen EFN in the UK and starting March 2022 amazon will reintroduce the European fulfillment network. This will allow sellers with amazon Europe stores accounts. Who are also registered by fulfillment by amazon to store stock in local fulfillment centers and fulfil orders coming from other European stores.

Another Milestone for our team and thanks to our new partner ebay. Faster, Greener and Cost-Efficient last mile alternatives are now not an idea – eBay leading the way! We are excited to announce our new partnership with ebay dedicated to creating more opportunities for ecommerce sellers in the world. Together, we’ll be working to

Finance Law in France for 2022 Finance Law in France  for 2022 confirmed the upcoming changes in the French DEB (Declaration des Echanges de Biens) return as from reporting period January 2022. Until now, France integrated both obligations of Intrastat and EC Sales List report within DEB return. It is including detailed DEB submission when

Selling online in European ecommerce platform  With the help of FLEX. Logistics for selling online 3PL with warehouses in Poland and Germany (and more locations coming). Which specialize in processing shipments to Amazon selling in Europe, pre-Amazon storage, FBA prep and forwarding to fulfillment centers as well as B2C/B2B fulfillment. We are presenting 7 basic

How do you pay VAT to HMRC If you have VAT register business. It is your responsibility to make sure your VAT return will submit and pay HMRC VAT on time. For this reason, it is essential you understand the basics of how to make payments to avoid any unexpected surprises or late pay VAT

How to declare my cryptocurrency to HMRC? HMRC has published guidance for people who hold cryptocurrency. Explaining what taxes, they may need to pay? what records they need to keep? The world of cryptocurrency is expanding and becoming more mainstream. More and more people are investing. Therefore, the values are seeing rises significantly. There is