The highstreet has been declining for the last decade, and it would seem that COVID may mean the end for many independent stores that have struggled to fight through the pandemic. However, as people are told to stay at home, there has been a global surge in online sales, with many ecommerce businesses thriving.
There are big changes on the horizon for all UK businesses, as the end of the Brexit transition period inches closer. But for e-commerce companies, additional significant changes are due to happen next year - the EU’s e-commerce directive was due to come into force on 1 January 2021, the same date as the end of the transition period.
Online marketplace Amazon is to increase fees for UK sellers next month by 2%, in response to the introduction of the UK’s digital services tax (DST), in a move which is likely to increase costs for small businesses and traders who use the platform
The benefits to selecting the right accountant
If you’ve been a relatively small business making modest profits up till now, the likelihood is that you need an accountant to get you to that next step.
Thanks to the likes of Amazon’s fulfilment programme, build-your-own website platforms and the simplification of shopping cart technology, it’s easier than ever to set up shop online.
With so much continued uncertainty around Brexit and what it might mean for international trade, it’s great to be able to highlight some positive news for UK businesses who buy and sell abroad!