Dive into the complexities of the United Kingdom’s VAT changes post-Brexit in our ongoing series on low-value non-resident tax schemes. From January 1st, 2021, the UK has implemented pivotal VAT regulations affecting businesses selling goods into the country, with a particular focus on low-value orders (cart subtotal of 135 GBP or less). This comprehensive guide sheds light on your new responsibilities as an international seller, including the collection of 20% VAT on applicable orders, registering for a VAT number with Her Majesty’s Revenue and Customs (HMRC), and the quarterly VAT remittance process. We go beyond the basics, offering practical strategies for compliance, insights into avoiding penalties, and tips for integrating these VAT requirements into your business operations smoothly. Whether entering the UK market or adjusting to the new VAT laws, this video equips you with the knowledge to manage the UK's VAT regulations confidently. Stay tuned for more expert guidance on navigating tax schemes for cross-border sellers in various countries.
United Kingdom (UK) country guide:
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UK VAT scheme guide:
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UK VAT for digital products and services guide:
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