How does BREXIT affect online businesses from January , ?
Mar 10, 2024 7:22:22 GMT
Post by rabia373 on Mar 10, 2024 7:22:22 GMT
As the year winds down, Brexit draws inexorably closer and if a deal is not reached on the bell (which doesn't look close) from January , your VAT obligations may change , whether you are based in Spain, in the United Kingdom, or in any other EU state. It doesn't matter if you only dedicate yourself to online sales or internet businesses . If you have a business relationship with the United Kingdom , regardless of where your company or established business is located, you will need to review your obligations for the new year. To help make the transition as easy as possible for you, I've put together a series of useful and simple tips on how to prepare your business for BREXIT on January. As usual, I am going to focus on the case that I know of: when your company or online business is based in Spain and carries out operations with the United Kingdom. In short, when you are an EU online service provider in Saxon lands . But if your company is based in the United Kingdom or outside the EU, I recommend that you find out about the obligations you may encounter for UK sellers based there. In any case, if your company or business is based in Spain , or anywhere else in the EU, and you sell in the United Kingdom , perhaps this article will help you.
Guide to brexit in online business Online sales of digital products and services in the United Kingdom until December , Until December , everything continues as before . As far as your tax obligations in Spain are concerned, you will have to do the fourth quarter of , which occurs at the end of January , as always, considering sales of digital products in the United Kingdo Whatsapp Number List m as community sales. If you sell only to companies and professionals in the United Kingdom, and they are registered in the ROI (Registry of intra-community operators), this is considered an intra-community sale exempt from VAT and you will declare it on form with the corresponding code. If you sell to final consumers , you will have to present form for the fourth quarter just like the previous quarters, before January , In it you will collect the sales made to final consumers in the United Kingdom, only those made before January of Remember that, if you have not reached the threshold of €, in turnover in the year, in sales to final consumers in the EU (still including the United Kingdom), you can issue your invoices with Spanish VAT at % to those final consumers located in the EU. Therefore, you will not be required to present form
If you pass this threshold on December , you will have to register in the MOSS mini one-stop shop system for and present form thereafter. In this model you will declare the sales of digital products and services to final consumers in the EU from (now excluding the United Kingdom) If you don't know how to do it, you can ask me. guide to brexit in online business Online sales of digital products in the United Kingdom from January , From January , , if you sell digital products or services to end consumers in the United Kingdom, you will need to register with the UK Treasury. Since you will be obliged to pay British VAT on the sales invoices of your infoproducts to British end consumers. Therefore, you will have to pay that British VAT to the UK Treasury (called HMRC). There is no alternative at the moment. You can register as a British VAT presenter online at the following link from the British Government (gov.uk) The UK currently does not have a registration threshold for info products or online sellers. This means that it doesn't matter whether you invoice € or € million, you will have to register and pay British VAT. The €, turnover threshold , which does apply in the EU, disappears in this case.
Guide to brexit in online business Online sales of digital products and services in the United Kingdom until December , Until December , everything continues as before . As far as your tax obligations in Spain are concerned, you will have to do the fourth quarter of , which occurs at the end of January , as always, considering sales of digital products in the United Kingdo Whatsapp Number List m as community sales. If you sell only to companies and professionals in the United Kingdom, and they are registered in the ROI (Registry of intra-community operators), this is considered an intra-community sale exempt from VAT and you will declare it on form with the corresponding code. If you sell to final consumers , you will have to present form for the fourth quarter just like the previous quarters, before January , In it you will collect the sales made to final consumers in the United Kingdom, only those made before January of Remember that, if you have not reached the threshold of €, in turnover in the year, in sales to final consumers in the EU (still including the United Kingdom), you can issue your invoices with Spanish VAT at % to those final consumers located in the EU. Therefore, you will not be required to present form
If you pass this threshold on December , you will have to register in the MOSS mini one-stop shop system for and present form thereafter. In this model you will declare the sales of digital products and services to final consumers in the EU from (now excluding the United Kingdom) If you don't know how to do it, you can ask me. guide to brexit in online business Online sales of digital products in the United Kingdom from January , From January , , if you sell digital products or services to end consumers in the United Kingdom, you will need to register with the UK Treasury. Since you will be obliged to pay British VAT on the sales invoices of your infoproducts to British end consumers. Therefore, you will have to pay that British VAT to the UK Treasury (called HMRC). There is no alternative at the moment. You can register as a British VAT presenter online at the following link from the British Government (gov.uk) The UK currently does not have a registration threshold for info products or online sellers. This means that it doesn't matter whether you invoice € or € million, you will have to register and pay British VAT. The €, turnover threshold , which does apply in the EU, disappears in this case.