What are some of the key benefits of that import Alex Wyatt: off? George Reid: Obviously, um if your EU seller and your Selling it happens that a lot of your products are likely going to be below the в‚¬150 mark. So what are the benefits to that now? From what what currently is happening? Yeah. Alex Wyatt: So the for the this low value consignment um less than 100 and в‚¬50 when you're importing goods directly to private customers. Um really, you have a few kind of benefits here, your goods are going to be cleared through customs really easily, um and you only have to report these goods on a single um you know, return rather than having to V. A. T. Register in every single country, you want to be the importer of record for additionally, customers will um will be paying V. A. T. At the point of sale. So there's transparency for customers rather than at the point of importation. So it's going to be a lot clearer, more transparent and easier to get your goods into the eu. Now I'm going to throw a big caveat here. Um So the overall scheme is going to be really really beneficial for people selling on their own website. Now, if you're selling through just amazon or any marketplace, for example, marketplaces are going to have the responsibility to collect V. A. T. On these low value consignments. Um So what that means is that if you're holding your stock in the U. K. For example, sending in these low value goods into a customer across the EU. You still need to list the gross price on amazon. Um So that amazon can charge V. A. T. At the point of sale, then you're going to use amazon's IOS number to clear your goods through customs. So amazon will give you transparency or any marketplace will give you transparency on their IOS number. You are going to use their IOS number, put it on your commercial invoices to clear through customs and your goods will be able to go through um super easily and go to the final customer. From your point of view, there is no additional responsibility to get registered or to do anything else because the marketplace is actually going to be liable to collect the V. A. T. On these transactions. So the aisle scheme is going to be super beneficial if you're selling through your own website directly to customers in the EU. Whereas the overall scheme is also going to be used by marketplaces and the marketplace is actually um going to be liable for any consignment going into EU customers through their marketplace um with a value of less than в‚¬150. So make sure that you're using the marketplaces. Ohio's number two. Clear through customs.
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