One of the great benefits of running an eCommerce business is that you can be connected with customers all over the world. You might run a company based in the UK but receive custom from far-flung places such as South America, Asia and Australia.
Europe offers some of the biggest eCommerce markets in the world, branching out could easily more than double, if not triple your customer base.
To help make sure your customers receive your goods in a timely manner, international eCommerce fulfilment solutions can be used to bring your products and customers closer together.
From July 1st, EU VAT regulations for sales and marketplaces are changing, this new legislation will overrule the previous VAT obligations. It’s important to stay informed so you can continue trading uninterrupted.
An Import One-Stop-Shop (IOSS) has been created to facilitate and simplify the declaration and payment of VAT for distance sales of imported goods with a value not exceeding €150. This IOSS will also prevent fraud and generate more tax income for the EU and will affect businesses that sell B2C directly to the EU.
Sales that are picked and packed from your Amazon or eBay listings to the EU will use their IOSS ID. For other marketplaces and sales channels, you will be required to supply your own individual IOSS ID, so you’ll need to register for this.
There’s no need to do a VAT return in every EU country served, merely submit a monthly IOSS return to the Member State of identification for all the eligible supplies of goods sold to customers in the EU.
You must register for your IOSS ID. An intermediary can help set this up for you. Our friends at SimplyVAT will be able to help you with the process.
During the checkout process, like with UK VAT, you will need to obtain the correct EU VAT in the European country where your buyer is residing. The smoothest way to achieve this is by applying the appropriate country VAT rate once you’ve captured your buyer’s delivery address and country.
The European marketplace is one of the largest in the world, but with Brexit in place the challenges continue to hinder selling in the EU. However, help is at hand with our newly opened facility in Eindhoven, Netherlands so that you can continue to grow your international eCommerce business through fulfilment.
You can find more information on everything you need to know about EU VAT here!
Click here for our free, comprehensive guide to EU VAT.
By working with a 3PL (third party logistics) provider with an international eCommerce fulfilment network of centres, you’ll have much better access to new territories without having to set up new websites or physical shops to get your products in the hands of your global customers. It essentially localises your global eCommerce business.
Think carefully about which territories you want to reach customers in. Consider, localisation of listings, customer service in multiple languages, international returns, finding the right products for a different target market and so on; then choose a fulfilment provider who can reach those customers quickly and efficiently.
Huboo Fulfilment have a network of fulfilment centres in the UK & in mainland Europe so that companies trading in those countries and further afield can access these markets at pace and scale. European order fulfilment is more popular than ever, especially since the new Brexit regulations came in from 1st January 2021, so it’s the perfect time to stay connected, and start your fulfilment journey.
For more information on UK & European eCommerce fulfilment, and third party logistics companies, click here.
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