Just two more weeks until the new VAT regulations for e-commerce will enter into force (1 July 2021). A detailed overview of all the changes and the rules themselves can be found here. Although these rules are mainly aimed at simplifying and promoting trade within the European Union (EU), it is important to prepare your business for them, fully and on time. Failing to be compliant with the new rules on time may have significant consequences, both administratively and financially, and could even lead to more obligations than under the current rules.
Source: bakertilly.nl
