it was about marketplaces and where they're going to take on the responsibility for these distant sales and I think this one is a really important one as well. So like I mentioned, you're still going to need those local V A. T registrations in whichever countries are holding your inventory in. So keep that in mind. However, now the marketplace is actually going to take on the responsibility of the 80 collection and remitting that to the specific tax authority in specific circumstances. So if you are an Eu company, the marketplace will not be taking on the responsibility for you. So EU companies, you still have to remit this all on your own. So you would want to get registered for the Union All scheme and you're going to declare, you know, all of these distant sales under these, uh, under the Union off scheme and then all of your domestic sales go on the local V A T return any B two B transactions. They're all going on the local V A. T returns, um, and so on. So EU companies, apologies, but you still have to continue on as normal now for the non EU companies, the marketplace is actually going to be taking on these transactions for you. So any of these cross border sales, um or even domestic sales on made on their marketplace. The marketplace is going to be liable to collect the V A. T. On your behalf. So if the goods are already in the EU and they're sold to an EU customer, private individuals in the marketplace will take this on for you. So you have to keep that in mind um that that that's not going to be the marketplaces or through the marketplace is going to be responsible and you don't have to collect and remit it. You do have to um stay on your local V. A. T. Return. Um The sales made to marketplaces and they're going to be exempted V. A. T. So you still have to declare the sales made to the market place. But as if it was a B two B transaction for example, um you're also going to be responsible to uh to uh to declare any of your beats be transactions on your local V. A. T. Return. And you're also going to want to reclaim any import V. A. T. On your local V. A. T. Returns. So it's still important to keep those local V. A. T returns um where you're holding your stock. But as a non EU business, the marketplace is going to be responsible to collect the debt from private individuals. Does that make sense?
Thanks,
George
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