Brexit has created a significant impact on imports, exports and shipping:
- Ecommerce businesses will be affected by post-Brexit VAT changes, which includes the abolition of the distance selling threshold and Low Value Consignment Relief (LVCR), the introduction of the postponed VAT accounting system and more.
- Businesses will have to abide by the new import and export rules, which may mean dealing with additional paperwork and customs checks.
- The above mentioned changes will further impact other aspects of your business, such as your supply chain, fulfillment process and pricing. Additional checks may create shipping delays, while the new VAT changes will lead to a rise in costs.
<p>Brexit has created a significant impact on imports, exports and shipping:</p><ul><li><a href="https://www.goforma.com/business-resources/vat-guide-ecommerce-businesses" target="_blank">Ecommerce businesses will be affected by post-Brexit VAT changes</a>, which includes the abolition of the distance selling threshold and Low Value Consignment Relief (LVCR), the introduction of the postponed VAT accounting system and more. </li><li>Businesses will have to abide by the new import and export rules, which may mean dealing with additional paperwork and customs checks. </li><li>The above mentioned changes will further impact other aspects of your business, such as your supply chain, fulfillment process and pricing. Additional checks may create shipping delays, while the new VAT changes will lead to a rise in costs.</li></ul>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Read more of our Small Business Accounting guides:
Book a free accounting consultation to discuss importing and exporting.
Our extensive Ecommerce business guide explains different ecommerce models and when you'll need to register your business. We also help walk through VAT implications for importing and exporting products.
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