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Daily News Round Up Dec 7th-11th
Daily News 7th December 2020 E-commerce News: JD.com To Accept China’s Digital Currency JD.com Inc has become the first ecommerce platform in China to accept the country’s homegrown digital currency. According to a post of the company’s official WeChat account, the...
SIVA: How To Use Simplified Import VAT Accounting To Make Brexit Easier
Our last article outlined how you can use the Import VAT and Duty Deferral scheme to make it easier to pay your VAT when importing after Brexit. However, one of the limitations of the scheme was that you needed a guarantee from your bank or building society in order...
Import VAT & Duty Deferral Scheme: What It Is And How To Use It
From the beginning of next year, it will be possible for importers (or those who represent importers) to use a VAT and Duty deferral scheme in order to postpone their payments of VAT and Duty. The scheme also allows importers to pay the VAT/Duty of all consignments...
Daily News Round Up November 30th – December 4th
Daily News 30th November 2020 Logistics News: Government Approves Post-Brexit Lorry Site Plans for a lorry site in Essex for customs checks after Brexit have been approved. It is hope that the airfield will be ready for use by 1st of January, the end of the Brexit...
VAT Payment Deferral Scheme: What It Is & How To Use It
Due to the massive disruption suffered by all UK businesses through the months of March and June 2020 thanks to the pandemic, the government announced in March that they would defer the payments of VAT for these months, and instead would allow businesses to wait until...
New Northern Ireland VAT Rules Explained
There has been quite a lot of confusion surrounding the new VAT rules that will come into effect from January 1st 2021. This has mainly been due to the fact that Northern Ireland will have dual status, in the sense that the country will stay aligned with the EU VAT...
Daily News Round Up 23rd-27th November
Daily News 23rd November 2020 VAT News: Saudi Arabia To Review VAT Increase In July, Saudi Arabia decided to triple their value-added tax from 5% to 15% in reaction to the economic crisis caused by the pandemic. However, the minister of commerce has announced that...
Brexit: The Changes That Are Being Made To The Sale Of Overseas Goods
After all the uncertainty and deadline extensions, Brexit finally looks like it will be concluded on December the 31st. This means that from January 2021, the transition period will officially be over and the trading relationship between the UK and the EU will change...
Retail Figures For October – E-commerce Continues To Grow
As regular readers of this blog will know, the pandemic has boosted e-commerce all over the world and in almost every sector. The UK’s retail sector is no exception. Many had predicted that the growth of retail sales would stall in October, but this did not turn out...
Daily News Round Up 16th-20th November
Daily News 16th November 2020 E-commerce News: Troy UK Launches New E-commerce Platform The new platform launched by Troy, called Troy Commerce, allows members to purchase goods from the Order Hub, but perhaps its most useful feature is that that is also allows...
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