The Recycler
  • Ninestar Masthead banner July 2021
  • Nubeprint Online 425x90
  • Biuromax Web ad May 2021
  • Katun March Web Advert 2021
  • ECs TEmp AD

1st July: EU VAT changes – Are you ready?

1st July: EU VAT changes – Are you ready?

June 24, 2021

EU VAT rules change on the 1st July 2021 and every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes.

The EU wide changes take effect on the 1st July 2021 when the €22 ($26) tax exemption limit will end. This means that every product that you buy in a non-EU country (e.g., USA, Great Britain, China), will now be liable to import duties.

The EU Commission introduced the measures to remove the tax advantage towards non-EU mail order companies and strengthen member states domestic economies and stop VAT fraud.

Taxes are payable on all consignments of goods arriving from a non-EU country if they exceed the amount of €1 ($1.22). Additionally, carriers can charge a flat-rate service fee of €6 ($7). This is paid either by the customer at the time of delivery, or they have to be prepaid by the shipper.

FedEx has a short explainer video on Facebook you can watch here.

If you sell into the EU, you need to register for the new EU VAT system and use the Import One Stop Shop (IOSS). You only need to register once and that applies to all EU member states. You as the seller, will be obliged to pay the taxes due to the EU via the IOSS VAT system and the taxes should be included in the seller’s final invoice amount.

FedEx has a short explainer video on Facebook you can watch here.

Categories : Around the Industry

Tags : EU FedEx VAT

  • Armor May banner Ink
  • Apex web ad May 2021 version 2
  • Mito September 2021 Web Advert
  • GM Technology web banner September 2021
  • Static Web ad July 2021
  • Aster AUGUST Web banner 2021
  • GPI September 2021 Advert
  • Ninestar Big & Bold July 2021
  • IR Italiana Web ad January 2021
  • ITP Web ad January 2021
  • CTS Toner Supplies Web ad April 2021
  • Ohana July 2021 web advert
  • CET Web ad September 2021
  • PW Dubai December Ad
  • Adter Recruitment Web ad April 2021
  • PCL Web ad January 2021
  • HYB Web ad February 2021
  • PCL Web ad January 2021
  • HYB Web ad February 2021
  • ITP Web ad January 2021
  • Adter Recruitment Web ad April 2021
  • CTS Toner Supplies Web ad April 2021
  • PW Dubai December Ad
  • CET Web ad September 2021
  • Ohana July 2021 web advert
  • PW Dubai December Ad
  • ITP Web ad January 2021
  • CET Web ad September 2021
  • PCL Web ad January 2021
  • Ohana July 2021 web advert
  • Adter Recruitment Web ad April 2021
  • HYB Web ad February 2021
  • CTS Toner Supplies Web ad April 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark