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Common VAT Errors Ecommerce businesses make (And How to Avoid Them)

VAT is crucial for ecommerce businesses operating internationally, but errors can lead to penalties, damaged reputation, and legal issues. Common mistakes include failing to register for VAT, using incorrect VAT rates, mishandling exemptions and zero-rating, inadequate record keeping, ignoring distance selling thresholds, failing to account for cross-border sales, overlooking digital services rules, filing incorrect or late VAT returns, and inaccurate invoices. To avoid these errors, businesses should educate themselves on VAT rules, consult professionals or use compliance software, and maintain accurate records.

Source Taxually

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