Get to Know Our Compliance Solution for the UK
With the UK’s official withdrawal from the European Union, relations between British and EU-based traders took new commercial, political and even social directions. Currently, countries on both sides are struggling to comply with numerous new rules and requirements that have added more complexity to the flow of goods in the region. Although economic agreements facilitate […]
The Impact of the IOSS on Customer Experience
In recent years, the rapid growth of e-commerce has facilitated seamless transactions across borders, allowing businesses to expand their reach and customers to access products from around the world. However, one significant obstacle that eCommerce businesses and customers faced was the complicated VAT (Value Added Tax) collection process for cross-border sales. To address this issue, […]
VAT Updates in the EU in 2024: What You Need to Know
The year 2024 brings some important changes to the VAT rates, rules and regulations in the EU. Some countries have increased or decreased their VAT rates, while others have introduced new exemptions or reduced rates for certain goods and services. In this blog post, we will summarize the main VAT updates in the EU in […]
Are IOSS and ICS2 the same?
Without much ado, the answer is no. Although they are both related to cross-border eCommerce, IOSS (Import One-Stop Shop) and ICS2 (Import Control System 2) are two separate systems with different purposes. Import One-Stop Shop (IOSS) IOSS is a simplified VAT payment system that was introduced in the EU in July 2021. It allows businesses […]
The ViDA Proposal: Revolutionizing VAT in the Digital Age
The European Commission’s proposal on VAT in the Digital Age (ViDA) marks a significant step toward modernizing the European Union’s VAT system. Unveiled in December 2022, ViDA aims to address the challenges posed by the digital economy and streamline VAT processes across EU member states. This blog post provides a concise overview of the key […]
IOSS: Impact on Cross-Border E-commerce
In the ever-evolving landscape of e-commerce, the Import One-Stop Shop (IOSS) has emerged as a transformative solution, significantly impacting businesses engaged in cross-border transactions. Understanding the implications of IOSS is crucial for e-commerce players looking to navigate the complexities of international trade seamlessly. This blog post explores the profound impact of IOSS on cross-border e-commerce […]
IOSS for Small Businesses: Everything You Need to Know
In recent years, the global e-commerce landscape has undergone significant changes, especially with the rise of cross-border transactions. Small businesses, particularly, have found themselves navigating various regulations and compliance requirements. One such development is the introduction of the Import One-Stop Shop (IOSS), a game-changer for businesses involved in international trade. This blog post will delve […]
Unlocking Business Success: The Benefits of Using IOSS
In the fast-paced world of e-commerce, businesses constantly seek innovative solutions to streamline their operations and enhance customer satisfaction. One such solution gaining prominence is the Import One-Stop Shop (IOSS). This system, implemented by the European Union, offers numerous benefits to businesses engaged in cross-border trade. In this blog post, we’ll delve into the advantages […]
New EU Customs Reforms to Impact Shoppers and eCommerce Giants
The European Union (EU) is introducing significant customs reforms in the e-commerce sector, aiming to address fraudulent practices and streamline the import process. These reforms will affect shoppers purchasing goods valued under €150 and will also target eCommerce giants like Amazon, preventing them from imposing hidden fees and unexpected paperwork on customers. In addition to […]
ViDA VAT vs. Traditional VAT: Differences for European Businesses
The world of taxation is constantly evolving, and European businesses are no strangers to the ever-changing landscape. The introduction of the ViDA VAT has brought about significant changes, prompting businesses to understand how it differs from the traditional VAT system. In this blog post, we’ll delve into the differences between ViDA VAT and Traditional VAT, […]