As the e-commerce landscape continues to evolve, dropshipping has emerged as a popular business model for entrepreneurs looking to enter the online retail space. However, navigating the complexities of UK tax regulations can be challenging for dropshippers. In this...
Registering with Her Majesty’s Revenue and Customs (HMRC) is a crucial step for individuals and businesses in the UK. This guide will walk you through the process, ensuring your set up correctly to manage your tax affairs. Step 1: Determine Your Need to Register...
For e-commerce business owners, reclaiming VAT on eBay purchases can significantly impact your bottom line. This guide will walk you through the process of reclaiming VAT, helping you maximise your tax savings and boost your business’s financial health....
It has always been important for e-commerce businesses to manage their inventory, but Amazon’s change to the way that fees are invoiced, which now include VAT, brings that into even sharper focus. Reducing inventory has a number of advantages: Better Cash Flow: the...
Quite simply, yes. It is subject to the standard rate of VAT of 20%. Can I reclaim VAT on My Amazon Prime Subscription? Since a Prime subscription is subject to VAT, the same criteria would apply that applies to any other business expense. A business that has a UK VAT...
FAB stands for “Fulfilment by Amazon”. Using Amazon FBA services enables businesses to store inventory and fulfil orders without having to own/rent their own warehouses and fulfil orders themselves. Amazon seller’s responsibilities are to ensure that inventory...
