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Thursday, 20 June 2013

Fulfilment a growth industry for the UK

Recent changes to the VAT rules on place of supply have opened a very useful little loophole for international trade to British businesses selling internationally.

Under the new rules a VAT registered business in the UK which imports goods from another EU country still receives those goods VAT free, but under the new rules if the goods are then exported from the UK, the company pays no VAT under the 'place of supply' rule.

I have not looked into the rules for all the EU member nations but it seems that the UK has decided to take Jersey's fulfilment business and make it its own.

Want to take advantage of this competitive edge, then perhaps the best place to base your operations is the Isle of Man or Ireland...