Visit Euro VAT Refund at Booth Nr 2166 at this year’s IRCE: The Retail Industry’s Leading E-Commerce Conference and Tradeshow at McCormick Place West in Chicago, IL, June 7-10, 2016
E-commerce is growing faster than ever, and many North American companies are unaware about their liabilities when selling goods and services online internationally. IRCE has an exhibit hall filled with experts in the e-commerce field and it is the place to be for networking with other like-minded peers in the industry. To learn more about your liabilities, and to find out what VAT rules will apply when selling goods and services online to the different EU countries, please send us an e-mail to schedule an appointment with one of our VAT experts at Booth Nr 2166. For further details and registration to the IRCE show, please visit: irce.com
The VAT filing deadline in most of the European countries is approaching
If VAT has been paid on expenses within the European Union (EU) after 1 January 2015, the invoices should be gathered and sent to our office as soon as possible in order to meet the June 2016 VAT filing deadline. The filing preparation has to start as soon as possible due to the IRS certificate that has to be ordered which can take up to 3 months to receive. Please contact our office at your earliest convenience if interested in proceeding with a VAT refund.
Stay tuned for Euro VAT Refund’s educational VAT webinar series during the month of May
Euro VAT Refund's CEO Britta Eriksson will be presenting on number of different areas where VAT comes into play for North American companies that do business overseas. The webinars are scheduled for the month of May, and topics, schedule and registration details will be sent out in the beginning of May. Stay tuned!
Euro VAT Refund, Inc. is listed on U.S. Commercial Services website as Business Service Provider to the European Union
Euro VAT Refund, Inc. is now listed as a Business Service Provider to the European Union on U.S. Commercial Services website export.gov - Please feel free to visit our listing under "Accounting, Auditing and Tax Services"
New stricter VAT rules for North American companies selling online to customers in Europe
The United Kingdom (UK) has realized that many North American companies are not following the local VAT regulations when selling goods in the UK via online marketplaces. In attempt to make non UK companies VAT compliant, the UK has decided to take action by giving HM Revenue & Customs (“HMRC”) the power to make an overseas business appoint a UK VAT representative. Together they will be responsible and liable for any unpaid UK VAT. In addition, the newly introduced UK VAT laws will also allow HMRC to hold an online marketplace liable for any unpaid VAT on behalf of an overseas company that sells goods in the UK via the online marketplace’s website.
The reason for these new VAT laws within the UK is that HMRC has noticed that overseas businesses that sell goods that are located in a UK warehouse at the time of sale to UK costumers via online marketplaces such as Amazon, Ebay and others are not registered for VAT, and are also not paying VAT on the full retail price. This makes it challenging for non UK companies that are legally registered for VAT since goods that shipped and stored in a UK fulfilment warehouses by non VAT registered companies before being sold to UK consumers are offered a lower price.
These new measures will begin in 2017, and HMRC will be on the lookout for any North American company that is not VAT compliant. These companies will be tracked down one by one to appoint them with a UK tax representative, or have them register for a local VAT number. In order to avoid back taxes and penalties, and to find out if your company is required to register and charge VAT within the EU, please contact our VAT experts.
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