In order to avoid tax fraud and increase the accuracy of VAT reporting, tax administrations around the world are adopting an electronic invoicing system which enables tax authorities to have a consistent approach to managing tax audits. This system is known as the Standard Audit File for Tax, and it is becoming an increasingly popular …
Tag Archives: EU
Pan-European FBA: How this Amazon service can help your business skyrocket to success
If you are an online business and you use Fulfilment by Amazon to sell products to any of the major marketplaces in Europe (such as UK, Germany and France), you may be wondering if there are any cheaper and more efficient alternatives when selling cross-border. You will be pleased to know that the answer is …
Reverse Charge: How is the EU Combating VAT Fraud?
A crime only then becomes a favourite crime when it is profitable. Well, this is most certainly the case. EU member countries need to write off billions of Euros in VAT revenue each year due to fraud and inadequate tax collections systems. The loss in VAT is commonly known as the VAT gap, which is …
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VAT: The importance of being compliant
Compliancy is the practice of adhering to rules and regulations and making sure that these are met to a high standard. When it comes to VAT, it is highly important to follow VAT rules and regulations and stay compliant with them, or you could be fined or even face imprisonment. The rules of VAT vary …
Global VAT Compliance: How can J&P Help Me?
What are the first steps to take when expanding your online business so that you can start selling products in other countries? If you want to trade in Europe, how can you comply with the tax laws of the country that you are selling in? If you are an online business planning to sell products …
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Popular E-Commerce Trends to Start Following In 2019 (Part 2)
In our previous article we discussed how it is important for your business to optimise its online platforms so that you can stay ahead in the E-Commerce game, and presented 3 E-Commerce trends that are predicted to be popular this year. Here is Part 2 of Popular E-commerce Trends to Start Following In 2019, in …
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Popular E-Commerce Trends to Start Following In 2019 (Part 1)
The E-Commerce landscape is always changing, and as it is growing every year, more and more businesses are selling their products and services online. More businesses mean more competition, and it is important to optimise your own online platforms so that you can stay ahead in the E-Commerce game. Here is Part 1 of Popular …
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PSD2 and Strong Customer Authentication (SCA) – How will they affect me?
What are PSD2 and SCA? On 14 September 2019, the Payments Service Directive 2 (PSD2) will come into effect. This is a new regulation that was passed by the EU in 2015, designed to make online payments more secure for both the merchant and the customer. The directive enables consumers and businesses to use third-party …
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Preparing your business to make custom declarations in the event of a no deal BREXIT
If the UK ends up leaving the EU without an agreement on 12 April 2019, then UK businesses will be required to apply the same procedures to EU trade that apply when trading with the rest of the world. In this article, we will be providing you with tips on how to prepare your business …
Trading In a No-Deal Brexit: How Transitional Simplified Procedures Can Make Importing Easier For Your Business
As discussed in our previous article, the EU has now granted the UK until the 12th April to seek a further extension or leave the EU without a deal. If your business trades with EU countries and we leave without a deal, you will need to follow the same processes that apply when trading with …
J&P Accountants: Blog 