| nerukas | 01-10-2021 03:20 PM |
Critical Change - 10 000 Euros Threshold for Intra EU sales
I know that many Europeans put their items for sale on ebay Uk. SO thought to list this info also here so more people read about it beforehand..
Most probably most of you are not aware of the coming changes in EU E-commerce law regarding new VAT requirements. So just wanted to put some light into this. Most probably this will have a huge impact not only on the Stealth accounts but also on a Legit accounts who are now ejoying the current thresholds to each European Union country individual, which is to most countries 35k Euros to each, and some have 100k Euros like Germany, Italy, Netherlands. This is going to end very soon.
"From 1 July 2021, the threshold for distance sales of goods becomes EUR 10 000 per year and it covers all distance sales of goods to customers in all EU Member States. The previous annual EUR 35 000 distance sales threshold for each Member State (or EUR 100 000 for a limited number of Member States) disappears."
This is a copy paste information from a new EU VAT e-commerce rules which are implemented in the Council VAT directive and Implementing Regulation.
It comes into force 2021-07-01.
And all E commerce platforms will most probably entitled to collect the VAT from the sellers.
So MP is not the only and most probably not the worst threat to Stealth.
By the way, in the same directives there are new rules about Imports from Third party countries, with the requirement to have intermediates for VAT declarations, or for platforms to collect VAT, different situations different solutions, but the requirements will change a lot also for Chinese guys etc. | 
