[meteorite-list] New UK VAT Requirements

From: Paul Harris <paul_at_meteoritecentral.com>
Date: Tue, 12 Jan 2021 08:13:48 -0800
Message-ID: <05bff5c9-937d-ec34-8d7c-d82ea3a8c225_at_meteorite.com>

Hi Mike,

https://www.bigcommerce.com/blog/uk-vat/#what-do-i-need-to-do-as-a-merchant

Paul


On 1/12/2021 6:34 AM, Michael Gilmer via Meteorite-list wrote:
> Wait. So, let me get this straight. Does this mean that vendors based
> outside the UK will have to register with the UK authority and pay
> taxes on orders going from the USA to the UK?
>
>
>
> On 1/12/21, Graham Ensor via Meteorite-list
> <meteorite-list at meteoritecentral.com> wrote:
>> Crazy mess Boris is leading us into. :-(
>>
>> On Tue, Jan 12, 2021 at 5:59 AM Paul Harris via Meteorite-list <
>> meteorite-list at meteoritecentral.com> wrote:
>>
>>> Attention Dealers:
>>>
>>>
>>> I just received the following from stamps.com
>>>
>>>
>>>
>>> -------------------------------------------------------------------------------------------------------------------------------------------------------
>>>
>>> Effective Jan 1, 2021, value added tax (VAT) must be collected for all
>>> goods entering the United Kingdom (UK).
>>>
>>> There will be a 20% VAT rate on goods valued up to ?135 (about $180
>>> USD), which you must collect unless your online marketplace (e.g. eBay,
>>> Amazon, Etsy, etc.) is already collecting it. Current procedures for
>>> goods valued over ?135 remain the same.
>>>
>>> To prevent your UK shipments from being delayed, held, or returned
>>> by UK customs in 2021, please take the following steps:
>>>
>>> 1. Register for a VAT number with the UK.
>>>
>>> 2. Collect VAT at the time of purchase.
>>>
>>> 3. Make quarterly VAT return payments to the UK.
>>>
>>> In addition, you should include your VAT number on your customs
>>> declarations.
>>>
>>>
>>> -----------------------------------------------------------------------------------------------------------------------------------------------------------
>>>
>>>
>>>
>>>
>>> Paul
>>>
>>>
>>>
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>
Received on Tue 12 Jan 2021 11:13:48 AM PST