AngusMcDoon
Well-known member
And the same applies for business in the opposite direction, supposedly?
A UK based retailer, like ASAP for instance, will have to collect import VAT for customers in 27 countries (at variable rates) and send it off to their respective tax authorities?
I think they will lose some customers. Or more likely perhaps, they will not accept orders from EU customers for values under the threshold?
Most online companies take payment by card, but don't do the admin of that themselves - they use a company like Paypal or Opayo (formerly Sage Pay) to do it for them. Hopefully when everything settles down these intermediary payment collecting outfits will be able to do it on behalf of the individual retailers. That's for VAT. I'm not sure how the country of origin duty will be collected.