Only 60 days left to get Brexit – Ready!
As of 31 January 2020, the UK is officially out of the EU, nonetheless there is a transition period until changes actually occur. After 31 December 2020, this transition period will end and the UK will be treated as a third-country for the EU, where the rules and regulation which now govern the traffic of goods and services will no longer apply.
Although the EU and UK are attempting to negotiate a Free Trade Deal (‘FTA’) to avoid a ‘hard Brexit’, it is not yet clear if an agreement will be achieved, having major impacts to cross-border trade between the EU and UK.
What does Brexit mean for Amazon’s sellers?
The UK leaving the EU’s Single Market and Custom Union as soon as 2021 starts, will impact Amazon’s sellers so information and anticipation are key to minimize its effects.
Recently Amazon has released a communication which explains what measures they will be taking and advising sellers how they should handle their online stores.
Source: globalvatcompliance.com
Contribution by Apostolos Paradisis / Global VAT Compliance
Prepare your business for BREXIT
Click here to learn more about BREXIT implications and contact GVC for an assessment before the 31st of December.
Latest Posts in "European Union"
- EU-Mercosur Agreement to provisionally apply from 1 May 2026
- New EGC VAT Case T-171/26 (Meori) – No details known yet
- New EGC VAT Case T-172/26 (bett1.de) – No details known yet
- Comments on ECJ C-521/24: CJEU Rules Against Hungary’s Strict Formalism in VAT Deduction for Late Invoices
- EU Seeks Feedback on Revising VAT E-Invoicing Rules for Harmonization and Interoperability
