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.