What is a VAT Audit?

A VAT (Value Added Tax) audit is a review and examination of a business’s financial records and transactions to ensure compliance with VAT regulations and laws. VAT is a consumption tax that is typically applied at each stage of the production and distribution chain, with the final consumer ultimately bearing the tax burden. Businesses are…

Amazon and UK VAT: How does it work?

The information provided here might be subject to changes. For the most accurate and up-to-date information, you should check with official sources or professional advisors. Amazon operates differently with regard to Value Added Tax (VAT) in the UK, depending on whether the seller is a third-party seller or Amazon itself. Here’s a general overview: Third-Party…

Latest VAT News

Stay Informed and Compliant Value Added Tax (VAT) is a significant component of many countries’ tax systems, generating revenue for governments and affecting businesses of all sizes. Staying up-to-date with the latest VAT news and changes is crucial for businesses to ensure compliance and make informed financial decisions. In this blog post, we will explore…

What is a VAT Return?

Understanding VAT Returns: A Comprehensive Guide Value-Added Tax (VAT) is a consumption tax levied on goods and services in many countries around the world, including the United Kingdom (UK) and the European Union (EU). As a VAT-registered business, you have the responsibility of submitting regular VAT returns to the tax authorities. In this blog post,…

Demystifying OSS and IOSS: Understanding the Difference

In the world of international e-commerce, businesses face a multitude of challenges when it comes to cross-border sales and value-added tax (VAT) compliance. Two terms that have gained prominence in recent times are OSS (One-Stop-Shop) and IOSS (Import One-Stop-Shop). Understanding the difference between these two systems is crucial for businesses navigating the complex landscape of…

Demystifying VAT Fiscal Representatives: Do You Really Need One?

Value-Added Tax (VAT) regulations can be complex, especially when it comes to international business operations. For businesses engaged in cross-border trade, the question of whether a fiscal representative is needed for VAT compliance often arises. In this blog post, we will explore the concept of a fiscal representative, shed light on their role, and help…