The Practical Implications of the EU eCommerce VAT Rules
What implications does this legislation have for marketplaces?
As of July 1st, 2021 cross-border e-commerce VAT rules have been modernised in the EU. The new legislation introduces substantial new VAT liabilities and compliance requirements for both online merchants and marketplaces/multi-seller platforms facilitating sales to EU private consumers. The legislation puts an end to governments missing out on indirect tax revenue from distance sellers and creates a VAT level playing field for businesses. However, it brings with it considerable complexities for marketplaces. This Ebook will help you navigate the practical considerations of this new legislation.
Report Snapshot
- Line-item liability assessment
- Product classification and VAT calculations
- Customer location determination for eCommerce sales
- Value of sales calculations – the EUR150 limit