EU is changing the VAT rules for e-commerce. Since March 2018, online marketplaces have been made jointly and severally liable for the unpaid VAT liabilities of sellers operating on their platforms. From April 2018 fulfilment businesses in the UK dealing with imported goods on behalf of third parties must be registered and perform due diligence. The peer – to peer market is becoming more complex and more changes are expected, such as the “one stop shop’ that will be extended to all online sellers in every EU jurisdiction
It will allow to account for VAT through a single VAT registration. It will make the VAT administration easier to handle, but international businesses will have to deal with cross-border VAT issues sooner than they do now.
Cesca Accounting can help you to analyse your circumstances and evaluate VAT risks and opportunities