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Businesses operating digital interfaces corresponding to marketplaces or platforms will, in sure situations, be deemed for VAT purposes to be the supplier of products sold to customers within the EU by firms using the market or platform. On 30 September 2020, the Commission printed Explanatory Notes on the new VAT e-commerce guidelines. They include in depth explanations and clarifications on these new guidelines including practical examples on tips on how to apply the rules in case you are a provider or an electronic interface (e.g. market, platform) involved in e-commerce transactions. These explanatory notes are meant to assist online companies and in particular SMEs to understand their VAT obligations arising from cross-border supplies to customers in the EU. Netflix.shop, initially launching in solely the U.S., will provide exclusive, limited edition attire, toys, video games and other way of life products that relate to Netflix shows.
- Bahja Johnson started in the