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Dropshipping Tax in the UK
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...
Step By Step Guide On How to Register With HMRC
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...
Reclaiming VAT on eBay Purchases
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. Step-by-step...
Managing Inventory to Improve Cashflow
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...
Is There VAT on Amazon Prime in the UK?
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...
What is Amazon FBA UK?
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 is kept...
VAT on eBay
What Is VAT? Value Added Tax (“VAT”) is a consumer tax in the UK and EU. VAT is imposed at each stage of the supply chain. As a business, you can claim back any VAT you pay your suppliers on your costs. However, you must add VAT to your sales prices and collect and...
Benefits of Becoming a Limited Company
In the dynamic world of e-commerce, establishing a business as a limited company in the UK presents a strategic advantage, particularly for small and medium-sized businesses aiming to expand their market reach and solidify their professional reputation. Operating as a...
Amazon VAT Changes On the Horizon
Amazon sellers in the UK, Germany, France, Italy, Spain, the Netherlands, Poland, Belgium, and Sweden have all recently received a notification from Amazon that the Vat treatment of fees will change from 1 August 2024. The notice refers to “Selling on Amazon,...
Is There VAT on Google Ads?
Understanding VAT on Google Advertising: A Guide for E-Commerce Businesses Digital advertising is an indispensable tool for businesses looking to expand their reach and engage with potential customers. Google Ads, a leading platform in digital advertising, offers...
What Is The VAT Registration Threshold?
Understanding the VAT Threshold and the Reverse Charge Mechanism for E-Commerce Businesses For e-commerce businesses, navigating the VAT threshold can be a critical aspect of managing their finances and compliance obligations. The VAT threshold represents the turnover...
eBay Tax Guide
In recent years, the rise of online marketplaces like eBay has provided individuals with unprecedented opportunities to sell goods and make extra income from the comfort of their own homes. However, amidst the excitement of turning clutter into cash, it's essential to...