EU 2021- The impact for Marketplaces
An online marketplace, you could now be directly liable for calculating and collecting the tax on transactions to EU customers where:
- Your sellers are outside the EU but the goods being sold are already within the EU
- The goods are being imported from outside the EU and have a consignment value of less than €150
Sellers will also have new responsibilities and if they are non-compliant then your marketplace will become jointly and severally liable for their tax.
For example, sellers selling goods already within the EU will need to:
- Register for a VAT number in the member state where their goods are held
- File regular VAT returns in these jurisdictions.