FastSpring is a United States-based seller of digital goods. EU laws require FastSpring to charge VAT Tax (Value-Added Tax) on purchases of electronically delivered products for buyers based in the European Union. FastSpring is required to charge VAT Tax at the VAT rate of the buyer’s countr...
All non-EU-based businesses (including UK businesses after Brexit) selling digital products to private individuals in the EU may register for the VAT OSS non-Union scheme. These businesses can choose any European country to register for VAT OSS. Typically, non-EU businesses register in those cou...
EPR is a policy tool to reduce the environmental impact of packaging. It aims to hold producers accountable for their packaging throughout its whole life cycle. There is a legal requirement for all obligated producers to report detailed data on the packaging they handle and supply in the UK. ...
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VAT on Pension Scheme Management Services: What Has Changed?Jarvis, Alan
Here are a few examples of indirect taxes: Value-added tax (VAT): VAT is a type of indirect tax that applies to physical goods or services. It’s called “value-added tax” because it’s charged whenever value is added to the product throughout the supply chain, from production to ...
DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product. DGFT, by means of Public Notice, may exclude any product(s) from purview of DFIA. DFIA Scheme ...
Have you also received an email like this from Amazon, asking you to confirm that it is from the British VAT agency? Does it feel like the rules of the European DAC7 scheme? Many sellers asked about it today, and Tang Cheng responded uniformly: ...
The program offers over 100+ free premade templates, that you can customize to your business brand, with the preferred color scheme, and logo in just a few clicks. Deskera Professional Invoice Templates After tailoring the invoice to your business, just fill in the sidebar with the appropriate ...
The contractor must also charge the VAT to the end customer. If the reverse charge is not applied, the business will be fined 5% of the total VAT due. However, if the subcontractor qualifies for the VAT-exempt scheme, the business is exempt from paying VAT to the tax office. ...