Making Tax Digital compulsory for VAT registered business Since 2019, VAT registered businesses with a turnover above the VAT registration threshold of £85,000 have needed to keep their records digitally. It provide their VAT return information to HMRC through Making Tax Digital compatible software. Those VAT registered businesses with turnover below the VAT registration threshold […]

UAE VAT Compliance for ecommerce business  VAT on ECommerce sellers The UAE Federal Tax Authority has clarified the UAE VAT compliance that apply to ecommerce transactions. The FTA discuss the tax rules for ecommerce in UAE during workshop for accredit tax agents. During the workshop, participants’ questions about the tax treatment of the ecommerce sector

On 27 October 2021, the Chancellor of the Exchequer, Rishi Sunak, delivered the UK’s Autumn Budget. In his Budget speech, Mr Sunak set out the government’s tax and spending plans for the year ahead, outlined measures of universal credit, a rise in the minimum wage, an overhaul of the alcohol tax system and continued support for

Cross border VAT regulations in EU A brief refresher on the new regulations selling in Europe amazon. The VAT digital package for cross-border ecommerce affects merchants. VAT for all The new regulation is primarily aim at establishing tax fairness. Goods from outside the EU are now subject to the same VAT as products selling in

UK VAT penalty system for late submissions UK VAT penalty for late VAT submissions, the UK (HMRC) tax authorities are establishing a new penalty system. (The system also applies to Self-Assessment Income Tax and will be extended to other taxes in the future). If a taxpayer misses a VAT filing or payment date. They will

Start selling on Amazon Europe  Amazon is an ecommerce giant. It is a platform that offers colossal reach, and importantly, massive potential for selling on Amazon UK to reach a vast audience in Europe by utilising the opportunity to sell across six countries. Selling on Amazon Europe is big business. You are probably already selling

Increase on dividend and national insurance rate in the UK The government plans to increase dividend tax by 1.25 percentage points. Which means investors will have to pay more on the money they get from owning company shares.  The announcement, made on 7 September, came alongside proposals for a 1.25 percentage points change in National

The New customs declaration service for outside of EU HM Revenue and Customs (HMRC) will begin a phased launch of the Customs Declaration Service (CDS) in August 2018. CDS will replace the existing Customs Handling of Import and Export Freight (CHIEF) system. With all declarations taking place on CDS from early 2019. CHIEF currently processes

UK Business bank account as a non resident  Non resident UK business bank account for non residents is a challenging. Often frustrating task for many business owners who are base overseas.  Whilst a non-UK resident can easily register a limited company in the United Kingdom. They often run into complex snags trying to open an

eBay fulfillment like as amazon fulfilment centre At the end of July 2021 eBay launched its much-anticipated fulfilment centre to its UK sellers. It is similar Amazon seller central EU. The end-to-end fulfilment centre. Which was first introduce in Germany last year. It provide UK sellers with greater logistical management and seller protection. Not only