So, well, there was definitely changes after post Brexit, after the transition period because the distance selling thresholds no longer applied between the UK and the EU. And for those of you who don't know what distance selling thresholds are, they're wearing, You're holding your stock in an EU country, selling cross border to a private individual. Um And you have up until the set thresholds per calendar year, you'd be charging the local rate of the 80 and the sale departure country up until the set thresholds are met within that calendar year, at which point you have to register and the sale arrival country and then start declaring the local rate of the 80 where um the end customer is essentially. So these were, these thresholds were really great for businesses selling cross border, especially using the E. F. N. Network from the U. K. Um holding their stock and selling cross border. But at the end of the transition period, the U. K. Was no longer part of the Eu and therefore didn't have the um the access to the distance selling thresholds any longer. So that was the first kind of hit for a lot of businesses. Um And now going into the Eu that reform um from the first of july there actually abolishing the distant selling rules completely. So what they're going to be doing is um charging the general rule will be that you charge V. A. T. Um based on where the country of of consumption is. So where the end customer is and um that means that uh you would be then using the off scheme the Union Off scheme to actually declare these sales these cross border sales to um every single country. The alternative to using the off scheme is actually V. A. T. Registering and every single country where your customers are based. So the Union Off scheme is really that simplification method to record all your cross border distant sale of sales of goods to these individual countries. And then what happens is your reporting it on this one Union off scheme to one tax authority and then the tax authorities split the V. A. T amongst themselves, so they're kind of um you know dishing out the payments to each other and that really simplifies it for you. Instead of having to that register in Um six different countries where you crossed over the distant selling threshold, you not only have to um that register and our about us register on this one scheme and then paid to one tax authority, one single payment and then they're going to split it amongst themselves. And I'm going to throw another caveat in here because you know, they don't these are simplification methods but they don't make it that simple. Um It's actually, marketplaces are going to be taking on the responsibility and specific transactions, so he's going to spell it out quickly if that's okay.
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