In this episode, Tommy Henbest, business development and partnership manager at Taxually, joins the hosts to discuss tax and compliance in the e-commerce industry. Tommy shares his journey in e-commerce and explains the importance of tax and VAT compliance. He provides insights into the differences between VAT and tax, the need for due diligence before launching in new regions, and the role of Amazon in assisting with VAT services. Tommy also discusses the impact of Brexit on tax and VAT regulations and offers advice for sellers entering the EU market. He highlights the opportunities in the EU market and touches on current regulations, such as the Extended Producer Responsibility (EPR) program, which requires sellers to take responsibility for the disposal of their products. In this conversation, Tommy Henbest from Taxually discusses various aspects of VAT and tax for e-commerce sellers. They cover topics such as the plastic packaging tax, reclaiming VAT in Europe, and best practices for VAT registration. They also touch on international tax considerations, including Australia, the US, Canada, Brazil, and Mexico.
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