ClearVAT, E-Commerce, EU VAT system

Borderless trading in Europe - better with plentymarkets and ClearVAT

ClearVAT starts the THRESHOLD CONTROL function. This function warns in good time before reaching the delivery thresholds that have to be observed when selling to other EU countries and give a notification when, for example, a VAT registration becomes necessary.

Background: If the sum of goods sales (net) exceeds the delivery threshold set by the respective country, the destination country principle applies. VAT is due in the country where the recipient of your goods is located. It is calculated, reported and paid according to the tax rates applicable there. THRESHOLD CONTROL warns you in time before the delivery thresholds are reached. An overview also shows your daily updated net sales per EU country.

Certified tax rates for all EU countries - directly in plentymarkets With the VAT Rules function (available from autumn 2020) you have access to a database of certified tax rates for all EU-27 countries - directly in plentymarkets backend or embedded in the ordering process. The gross sales prices of the articles thus automatically take into account the VAT rates applicable in the respective country. So your store is immediately ready for sales to other EU countries. You can optimize margins and adapt them to the respective national conditions. And since special regulations such as temporary tax reductions are dynamically provided to your store by VAT Rules, the time and cost of maintaining tax rates is significantly reduced.

Start ready to sell your products to all EU countries As an automated full-service VAT clearing service, COLLECT & CLEAR (available from January 2021) takes over the collection of the total receivables of your B2C customers from other EU countries as well as the reporting and payment of VAT to the tax authorities in the respective countries of destination of the goods shipments. COLLECT & CLEAR thus relieves you of the VAT requirements (e.g. registrations), administrative expenses and, above all, liability risk abroad. You can thus plan and design your EU growth strategy more securely. Since COLLECT & CLEAR eliminates the costs of country-specific registrations or local tax consultants, it is also worthwhile entering smaller markets.

Workshop during the OHK2020 You can get to know ClearVAT during plentymarkets' "Online Trader Congress" on October 1. In a workshop you will learn more about the scope of services and advantages and how your trading can benefit from them: How can existing processes be optimized with ClearVAT? How do you keep the VAT rates of your products up to date? What do you have to consider if you want to sell products in other EU countries and how do you meet these requirements with ClearVAT?

Registration for #OHK2020 at www.ohk2020.de. The workshop will be held online at 11:45 a.m. on Stage 2. If you would like to arrange a demo appointment in advance, please send an email to sales@clearvat.com.

ON TOPIC

01.10.2020

Peer Steinbrück launches EU VAT Engine

"This is something European politicians have been trying to do for more than ten years without success," commented Peer Steinbrück on the stage of the online retailer congress "Plentymarkets" in Kassel before he symbolically put the result of several years of development work into operation together with host Jan Griesel and eClear founder Roman Maria Koidl.

01.10.2020

ClearVAT becomes eClear

More scope for the development of further clearing products: Since 1 October ClearVAT AG has had a new name.

10.09.2020

Price Indication Regulation in cross-border online trade

The Price Indication Ordinance regulates how goods prices must be shown to customers. In cross-border e-commerce, it poses challenges for merchants.

NEWS

18.08.2020

Shopping in the future: online shopping and stationary retail combined

Lockdowns and closed shops have given online business a huge boost in recent months. In this situation, how can stationary trade develop further and attract customers?

11.08.2020

Interim balance: A review of the tax year so far

The year 2020 put a stop to many plans. The VAT reform is also affected. We have summarised the most important developments - planned and unplanned - for e-commerce in recent months.

MEDIA

ClearVAT gibt es jetzt in plentymarkets

Mit ClearVAT können Sie den Überblick behalten, wann Sie die gesetzlichen Lieferschwellen bei grenzüberschreitenden Verkäufen erreichen.