8 March 2019
The UK tax authorities (HMRC) have introduced a new registration scheme for overseas businesses importing and selling goods valued at less than £135.
This new scheme is being introduced to ensure that these types of sellers account for VAT and duties when the goods are delivered to their customers in the UK. Registration for the scheme has already opened, please click here for further information.
Once registered, these businesses will be given a unique seller number to be included in all customs declarations and airway bills. They will then submit a quarterly report detailing the value of their sales and the calculated amount of the VAT owing.
LATEST NEWS
France clarifies e‑invoicing and e‑reporting...
France has updated its enforcement rules relating to the September 2026 introduction of mandatory e‑invoicing and e‑reporting for VAT registered...
SEE MORE
LATEST NEWS
Spain confirms new timeline for the introduction of...
The Spanish Council of Ministers recently approved a Royal Decree mandating the use of electronic invoicing in all business-to-business (B2B) transactions...
SEE MORE
LATEST NEWS
EU member states push for the introduction of a €2...
The EU Council are currently negotiating the introduction of a €2 customs handling fee on low‑value imports (under €150), with an initial start date of...
SEE MORE