Black Friday and the lead up to the festive period present another welcome opportunity for retailers to drive ecommerce sales, and boost revenue.
Retailers work hard to prepare the best deals to entice shoppers, but do you know where you stand with VAT compliance?
With the new EU E-Commerce VAT Package now in effect, this year retailers can account for VAT on increased Christmas sales in the EU in just one single return.
The ecommerce package is a simplification, saving businesses valuable time and money. However, there are additional data requirements that can create significant issues if not managed appropriately.
Source UK ECommerce Association
