Comply is our innovative VAT compliance platform that offers end-to-end managed process for all VAT filings, giving you full visibility and control over all global VAT compliance obligations. Our platform effortlessly handles country-specific regulations and requirements. Comply supports:
Our VAT Consultants can offer practical, tailored advice. Our team of VAT Experts will analyse and review your business’s activities to determine if a VAT registration or fiscal representation obligations exist in a particular country. Additionally, if VAT registration is required we can prepare all necessary documents, forms and supporting documentation, submit and follow the request for VAT registration to the relevant tax offices until complete.
The rules around VAT registration vary in each tax jurisdiction. The local VAT thresholds in each country is unique and may even vary for the provision of goods or services. If your company engages in any of the taxable activities listed below, or any other activities subject to taxation, you must comply with the VAT laws of the country where the supply occurs. These activities may encompass VAT registration, periodic VAT returns, and statistical filings.
Local VAT registration thresholds do not apply to non-established or “foreign” businesses. If you are a non-established business with taxable supplies in an EU country, the domestic VAT registration thresholds don’t apply. You may have a registration obligation from your first Euro sale.
Also, if you are selling cross border in Europe to consumers you may need to consider the VAT registration thresholds applicable to distance sales.
When a business expands across EU countries, they must register and file a VAT number in that country. This requires dealing with local tax authorities as well as understanding country-specific VAT rates, rules, and regulatory procedures. Without expertise and adaptable technology this quickly becomes both time consuming and labour intensive.
Comply, our end-to-end VAT compliance technology platform, was designed specifically to help businesses tackle VAT compliance obligations across multiple entities, multiple jurisdictions, and multiple countries. Our technology assists businesses in assessing the needs for VAT registration, VAT return preparation, submissions, and features in-built payments technology.
Distance sales occur when goods are dispatched or transported to a private consumer (not VAT registered) in another European Union (EU) Member State, and the supplier is responsible for the delivery of the goods.
Any businesses selling goods online to consumers in other EU countries where they are not already VAT registered will have an obligation to register for VAT if they breach the threshold for distance sales in that country. Taxback International can assist with your VAT registrations and VAT compliance obligations related to your distance sales. We can also assist you with the E-Commerce changes coming from 1 July 2021.
Businesses selling goods online through Amazon to consumers in other countries may have additional registration requirements if they are using Fulfilment by Amazon, which will give rise to VAT registration obligations in countries where they hold stock. Taxback International are an approved Amazon VAT provider, and can assist with your VAT registration and compliance obligations.
Fiscal Representation is required in the following scenarios:
• Non-EU businesses registering in an EU Member State where Fiscal Representation is required
• EU business registering in another Member State where there is a beneficial VAT regime. For example, to use the import VAT deferment scheme in the Netherlands
After Brexit, as the UK will be considered a 3rd country, UK established businesses will need to appoint fiscal representation where it is currently required for other non- EU countries, with some exceptions following the Brexit deal. Generally, fiscal representation has to be in place prior to the submission of the first post Brexit VAT return, although some tax offices have set more stringent deadlines.
If you fail to register for VAT at the appropriate time, your business could be liable for a late registration penalty. The longer the period that you failed to register for VAT, the greater the penalty will be. International VAT obligations are not an option, they are compulsory.
Any company that requires new VAT registrations or fiscal representation as a result of Brexit will see a practical impact on their VAT processes. For more on this, check out our recent interview with Global VAT Director – Lisa Dowling.
