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About In House Tax

About In House Tax

This weblog is a news and views site for tax professionals within the UK and international in-house tax community.  You will find information about appointments and people moves in and around the in-house tax market, issues affecting the in-house tax professional, opinions on the state of the tax job market, updates on tax technology, and other general thoughts of the day.

Hope you find it useful.

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Location: St Albans, United Kingdom

This site has been developed by Simon Godley, who also runs the niche tax recruitment company Talentpool Selection . Simon spends a lot of his time placing tax specialists into FTSE companies, large in-bound groups and some professional services organisations. He also recruits and is well networked around the UK tax technology and VAT markets.

Tax News

Accordance VAT - European E-commerce roundtable

Tuesday, 8 October 2013

Accordance, the Brighton-based cross-border VAT compliance advisors, hosted a business breakfast briefing earlier this month that discussed the challenges e-commerce businesses face in regards to trading in several different EU member states. The roundtable, attended by members of The Pentland Group (encompassing e-commerce brands such as Lacoste and Speedo) and law firm Pinsent Mason’s, addressed issues including supply chains, customer relationships and how best organisations buying and selling in different countries might effectively manage European VAT registration and tax compliance issues.

The panel was in agreement that this is a huge issue for businesses as their very nature as digital-based entities can lead to unprecedented growth over a short time period, before they have the resources available to implement the correct compliance systems and processes.

They discussed supply chains and how the movement of goods across borders could impact upon VAT reporting and accounting.

The UK’s e-commerce industry association, the IMRG, supplied in advance of the roundtable a statement concerning supply chains and VAT. It read that businesses should be “optimising in accordance with the brand’s overall strategy. Issues to consider are, for example, stock stored/returned locally or remotely; can local partners handle fulfilment, customer care and returns; what can be done to reduce double-shipping"

VAT specifically was on the agenda, with reference to the forthcoming 2015 change to place of supply rules for distance sellers, meaning suppliers will have to register for VAT in multiple EU member states rather than account for it centrally.

The panel also discussed the complex issue of Amazon, a supplier of e-commerce services such as e-books.

The final topic of discussion centred on customer relationships and how digitally-based enterprises could overcome challenges in regards to connecting on a personal level with customers.

For more information on this topic, or to find out more on the findings from this briefing, please contact Nicholas Hallam, Managing Director at Accordance  

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posted by Simon Godley


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