Eurora™ solves the Brexit and EU VAT eCommerce package puzzle. Being one of the only service providers addressing the challenge holistically with a scientific and comprehensive approach.
We deliver critical services to logistics providers, postal operators and ecommerce sellers. Including HS Code Allocation, Duty & Tax Calculation, Electronic Declaration, Fiscal Representation, Denied Party Screening and Prohibited & Restricted Item Screening.
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The logistics and postal sectors are governed by a variety of rules and regulations that are always changing. With Eurora™, you can be sure that you and your company are always the first to know about new regulations and that you are always ready for them.
Postal operators will no longer be exempt from having to make entry summary declarations into the Import Control System before moving goods into or through EU customs territory. As of March 15, 2021, under ICS2, shipments without the right data will no longer be allowed with the likelihood of severe delays in customs and increased costs.
EU One Stop Shop (IOSS)
Modernising of VAT for cross-border eCommerce via the Import One Stop Shop (IOSS) making the retailer, web shop or marketplace liable for the declaration and payment of VAT to the country of destination. This will replace the obligation to VAT register in every country where sellers are making sales to EU consumers. Due to come into effect on 1 July 2021.
EU Low Value Item Exemption
Abolition of exemption of VAT on low value items under EUR 22.-. The changes mean that all orders will be subject to VAT and EU and non-EU sellers must charge VAT at the point of sale. The Import One Stop Shop (IOSS) is being introduced to assist with the reporting of VAT charged at the point of sale. Due to be introduced on 1 July 2021.
US Stop Act
The Act requires full advance electronic data entry on all mail parcels entering the US. Minimum customs data requirements Include HS 6 code, accurate product description, value and sender/receiver details. Full Implementation by January 1, 2021. Failure to comply will lead to penalties and severe customs delays.
UK Import VAT Changes
New regulations will make an overseas seller who sends parcels containing goods valuedat £135 or less to the UK responsible for paying any import VAT that is due. Low value consignment relief (LVCR) on commercial imports valued at £15 or less will also be removed. Implementation 1 January 2021.
Regulatory Environment News
Read the latest news and regulatory updates impacting logistics providers, postal operators and ecommerce sellers.
Modernising VAT for Cross Border eCommerce
The VAT e-commerce package will facilitate cross-border trade, combat VAT fraud and ensure fair competition for EU businesses.
Are You Ready for ICS2?
The EU’s new advance cargo information system ICS2 supports implementation of new customs safety and security regulatory regime aimed to better protect single market and EU citizens.