Brexit and VAT: three issues to consider for online retailers
A possible consequence of Brexit is exclusion of the UK from the Single Market. In that case, UK businesses will face barriers in tax and non-tax regarding transactions to EU countries.
Especially for B2C online retailers, selling goods to consumers in EU countries, the impact could be substantial. These businesses may face import VAT and import duties while doing business in the EU. At the same time, certain EU countries may require UK online retailers to appoint a fiscal representative instead of handling the VAT by a VAT registration.
Read about the three main VAT issues to consider for online retailers in the infographic below.