As of July 1, the EU is updating how retailers calculate Value-Added Tax (VAT) when selling goods into member countries. This extends a 2015 change to include low-cost ecommerce goods under 22 Euros. Peter Boerhof of Vertex helps us better understand the implications for sellers in our latest MCM CommerceChat podcast.
Passport, a provider of international parcel shipping services, has raised $12 million in a Series A round to build out its parcel supply chain network for ecommerce and DTC brands. Funding for the round was secured by M13 and included participation from Resolute Ventures, Precursor, Kleiner Perkins, RiverPark and Republic.
The UK is set to exit the single market in just four short months. As you seek out ways to mitigate potential issues at the border post-Brexit, what alternative solutions have you considered? Implementing a third-party Merchant of Record (MoR) relieves your business of VAT challenges, enabling you to expand to new markets quickly.
The European Union is making sweeping updates to how retailers need to calculate Value-Added Tax (VAT) when selling goods into its member countries, effective July 1, 2021. Peter Boerhof, EU VAT director for Vertex, explains the various changes and their significance, and the impact for companies selling goods into Europe.
The global shipping landscape may be disrupted this fall, depending on the outcome of two major geopolitical events, and cross-border ecommerce sellers need to brace themselves for the potential changes. Experts discuss the ramifications of both Brexit in the UK and a possible U.S. pullout from the Universal Postal Union (UPU).
The global shipping landscape may go through one and possibly two seismic shifts this fall: either a Brexit in the UK, a U.S. pullout from the Universal Postal Union, or both. So how should you prepare? How quickly can you adjust your shipping plans? This latest special report from MCM taps experts and explores these issues in detail.
The VAT Challenge is not a one and done issue. Rules are changing constantly as more and more governments want to ensure that they are getting their share of the increasing cross-border sales. Here are some facts to think about when it comes to VAT.