The Federation of Sports and Play Associations (FSPA) has expressed concern that many UK businesses are not prepared for the European Union’s changes to its VAT rules, which come into force from July 01 2021.
All businesses selling into Europe could be affected but they will mostly apply to those making business-to-consumer sales - direct and via online marketplaces - selling to customers from the EU.
Director of General Affairs at the FSPA, Jane Montgomery, says: “The new rules could allow businesses to benefit from simpler procedures and may change the way they do business in the EU.
“The FSPA has kept its members up-to-date and informed about how to comply with the new VAT rules. Our close links with UK Government and with our European counterparts means that we have the fast-track on VAT compliance within the new framework.”
“Our fear, however, is that non-members will be left in the dark and ill-prepared for these changes come the 1st of July.”
The FSPA recently hosted a webinar exclusively for its members with partners SimplyVat.com who work with clients across the globe to make VAT compliance simple and promote sustainable growth for companies. The informative session included a Q&A session and covered in detail how these important changes will affect ecommerce businesses.
“In an ever-changing market it’s vital that companies seek advice on this and other imminent changes to how they do business,” adds Jane. “The FSPA has a unique overview of factors which will apply to the sporting goods industry and pass this on to our members.”
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