Businesses outside the EU, who wish to gain access to the European market, need to consider important obligations such as import taxes and VAT.
Importantly, there needs to be an ‘importer of record’ who will be responsible for the payment of all the import taxes. You can nominate yourself, the supplier or even the end customer. VATINT and Parker Russell can assist you with all the paperwork, including your Economic Operators’ Registration and Identification number (EORI), while also helping you to lower your costs and tax liability.
We can help you to reach customers in EU member states, without needing to create a company in Europe.
Please note: you will still need to register for VAT in the countries where you trade so that you can recover the import VAT. Alternatively, you could get the customer to handle the import VAT and customs taxes before delivering the product, but this may not be acceptable to your customer.