Cross border Tax-VAT
Cross Border Tax-VAT for your International Business
With The Ever-Changing World Of Local VAT Compliance And Endless Rules And Regulations, Businesses Often Face Difficulties When Trying To Expand Their Activities Across Global. We have created a wide range of e-commerce and VAT services to give you the peace of mind to grow your business abroad.
What is VAT?
VAT stands for Value-Added Tax. Seller needs to add VAT when selling products. Import customs clearance requires VAT number to pay for the import VAT.
The UK and every country in EU will need to have an unique VAT number. The VAT rate varies for different country. VAT in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services.
When do I need to register VAT?
You need to register VAT if you are:
Using EU or UK region warehouse to stock the goods
If your company is register in EU or UK
If you are importing goods into the EU or UK
What is EORI?
EORI number stands for Economic Operator Registration and Identification number.
When importing into EU, an EORI number is required for customs clearance. Each company can have one EORI number for EU and one for UK.
The purpose of the EORI number:
EORI number is used for customs clearance
EU Goods Movement into the EU
What is an EORI number used for?
To track goods in and out of Europe so that shipments can be quickly and easily identified by customs
To avoid customs clearance delays
To assist with qualifying for trade agreements and claiming preferential origin under the EU-UK Trade Cooperation Agreement
Explore Our VAT Services
If you Are Selling to customers Into the EU Member States?
If you Are Selling To Customers outside of the EU?
#Our services are available in 50+ countries around the world
We Are Here To Help
Our skilled & qualified accountants are ready whenever you are. We have created a wide range of e-commerce and VAT services to give you the peace of mind to grow your business abroad. Talk to our experts to see how we can help to save your money and time.
Why TBA Global?
TBA Global helps companies thrive in the digital era, by driving operational efficiency and scaling successes.
If you have any tax and product compliance issues, we are ready to provide support and solutions to help cross-border sellers expand quickly into global markets.
When it comes to accounting, you can count on us!