Net e-commerce sales in 2018 are expected to surge above €300 billion, indicating not only how valuable an asset international e-commerce is for online sellers, but also the impact that discrepancies in VAT between countries can have on businesses operating across Europe.
To curb competition between member states, the European legislation has recently put in place a regime called the 'special scheme for distance selling'. According to this regime, above a determined threshold of sales in another and the same member state, the VAT applicable is that of the state where the customer is located, not where the seller has its establishment. In this article, Head of Alliott Group's VAT/Indirect Services Group, Mickael Tatayas explains how the EU's new Special Scheme for Distance Selling will help solve some of the current issues, simplify processes and ultimately help online sellers by levelling the playing field.
Read on for the full article: https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/ecommerce-special-scheme-vat-distance-selling/
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