On January 31, 2020, Brexit took effect in the United Kingdom, an event that marked the beginning of the transition.
This meant that the nation stopped sharing the rights and duties that it had as an EU member state, with economic repercussions.
The most important relate to the emergence of barriers to the marketing of goods and services within English territory. by company Ltd. 24 oreThis new context has generated the need to adapt business enterprises. The consulting company suggests obtaining updated information on Create a company Learn how to sell on Amazon UK.
It is necessary to adapt to the new landscape
Ltd24ore is a business consulting firm. Specialized in providing support in setting up companies Online In the United Kingdom, the United States and other countries in Europe and the world. Its service model is that its customers can operate legally, quickly and easily in these markets, in an effort to keep operating costs low.
In their work, they cover the administrative, financial and legal aspects so that companies can conduct their activities without inconveniences. According to them, the new post-Brexit reality involves changes that entrepreneurs must know and understand in order to continue their projects.. One of the most important is the one related to the payment of value-added tax and the emergence of import tariffs.
With regard to VAT, all products marketed on British soil must pay a split, whether they come from the European Union or other countries. According to Ltd24ore, this affected the costs and treatment of imports for those selling through platforms such as Amazon UK. Now, sellers must first manage their VAT number and Economic Operators Identification and Registration (EORI) number.
What are import customs data?
Other steps to be processed by sellers of products on British soil are customs declarations for imports. Likewise, they have to activate the UK’s Multi-Channel Inventory Logistics, which is known by the acronym MCI. This will allow the multinational Amazon to ship products across the UK.
UK Amazon sellers should look into the Manage inventory recalls and UK stock levels tab. Ltd24ore explains that this is because British goods will now be separated from EU goods.. In terms of environmental standards and safety and health labels, sellers will have to obtain the British card known as the UKCA.
Due to the new regulations that have come into effect, Amazon has put a resource center into service. The goal of this platform is to help merchants understand how to sell on Amazon UK seamlessly.. However, the Ltd24ore team recommends that entrepreneurs seek comprehensive advice so that there are no surprises in this new context.
“Creator. Devoted pop culture specialist. Certified web fanatic. Unapologetic coffee lover.”