not sure it's the right place, but since it is really a trader questions, I thought I would use this place to ask my question.
Starting january 2021; the Brexit transition period ends and with it comes some new restriction and rules we have to comply to.
I'm not here to discuss politics. Brexit was the result of an election and right or wrong, it will be executed. it's what it is. we don't have to like it or dislike it.
Anyway, here is the thing:
I'm based in France and I operated until now with our friends from UK in a VAT-Franchise business model - as it was the rule in EU.
Now this has changed and apparently, although I'm based in France, I've to collect British-VAT for UK - which means unfortunately that my customers from UK will be charged VAT from our webshop.
on top of that, it appears that under a certain amount, I've to collect. but beyond that amount, the customer has to pay directly the VAT. Plus if I collect VAT, I still have no clue how to send it to UK...
but it gets a bit more complicated. Apparently, I've to register to HMRC as a french company but I'm not sure it is the case. I got some information saying that I must do it, but the official french guide does not mention it.
I've inquired at HMRC for some support as I want to do things right and needless to say, I got zero answers (but of course, probably same people as the french administration)
So if some of you traders are in the same situation (EU company selling mini parts to UK), I would really love some help on this.
If I can't find a solution, I'll have to temporarily shut down business operation for UK customers (some small companies have already done this here).
Anyway, if you have few hint on this, would be really cool. I would really love to do things right.
cheers hand have a lovely Christmas everyone.
Edited by Benoit_Dupont, 23 December 2020 - 03:20 PM.