Today, AVASK Accounting & Business Consultants Ltd, in association with KATA Global Logistics Ltd. announced their new omnichannel end-to-end supply chain management solution for e-commerce sellers. This innovative solution enables e-commerce entrepreneurs and marketplace sellers to move products conveniently and reliably from their manufacturer to the marketplaces and fulfilment houses, …
Breaking News for e-commerce entrepreneurs: UK announces ban on single-use plastics from 1st October 2023
Thursday, 31st August 2023 In a significant development for e-commerce entrepreneurs selling goods in the United Kingdom, the government has announced a comprehensive ban on single-use plastics, encompassing plates, bowls, trays, containers, cutlery, and balloon sticks. This move aims to further combat plastic pollution and promote sustainability, aligning with the …
Quality conscience: doing the right thing
This week we have been celebrating World Quality Week. The theme this year is ‘doing the right thing‘- Quality conscience, as chosen by Chartered Quality Institute. What is a Quality Management System, and why does it matter? We strive to provide a high level of customer service that will exceed …
UK Government plans a phased implementation of EPR from 2024
The UK has released its response to the new Extended Producer Responsibility (EPR) legislation. Find out what this means and how it will affect your business. In November 2021, following the COP26 Climate Conference held in Glasgow, the UK Government announced, ‘The Environment Act’, which set out to improve air …
Amazon are set to reintroduce the European Fulfilment Network (EFN) in the UK.
Do you know how participation of the UK in the Amazon EFN program will affect your business? The start of 2022 has seen the announcement by Amazon that they will be reintroducing the European Fulfilment Network (EFN) between the UK and the EU. This service will be returning from 1st …
Is 2022 the perfect year for you to plan an exit strategy for your business?
Find out how AVASK can support you to negotiate the best possible deal when exiting your business. 2021 had seen an exponential growth in e-commerce sales. With the pandemic opening consumers eyes to the ease and simplicity of online shopping, the demographic of online shoppers expanding, and many traditional brick …
Keep your goods moving across the EU and UK border
New changes to European customs legislation could affect your business from the 1st January 2022 From the start of 2022, full import declarations will be required at point of entry into the UK, which applies to all goods being imported. 2021 saw the end of the easement using CFSP EIDR, …
EPR – Everything that you need to know…
If you or your business are selling goods in France or Germany, then the 1st of January 2022 is a significant date. New EPR legislation comes into effect that requires Producers to register and file EPR returns, and for online marketplaces to collect and validate your EPR registration numbers and …
AVASK US Shopify Promotion
Are you looking to sell on Shopify or are you already trading there? Have you registered for Sales Tax? All sellers need to consider whether they need to register for local Sales Tax in each State they sell or have a physical presence in, if they are selling on Shopify …
HMRC’s tax take falls by billions due to pandemic
HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report, HMRC reported that it had collected £608.8 billion in tax revenues, which is down from £636.7 billion collected in 2019/20. …
US e-commerce accounting made easy with AVASK
AVASK is already well known throughout Europe for the stellar support it offers European e-commerce sellers. From business formation to exit strategies, we are with you every step of your enterprise’s life cycle. If you already sell in the EU, you may have thought about your US e-commerce accounting needs. …
Is social media the next e-commerce frontier?
Social media and e-commerce are becoming more intertwined than ever before, with most platforms now offering some form of e-commerce integration. It is easy to see why these two industries have come together so harmoniously, as well as the payoff that many e-commerce entrepreneurs are experiencing as a result. According …
Contactless limit to increase to £100 from 15 October
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, trade body UK Finance has confirmed. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority (FCA) following a public …
Cash payments fell by over a third during 2020
The number of cash payments made in the UK fell by 35% during 2020, according to the latest figures from banking trade body UK Finance. However, cash remains the second most frequently used payment method behind debit cards, accounting for 17% of all payments. During 2020 the number of contactless …
New additions to Amazon’s eligible countries list
It is an exciting time for e-commerce sellers in many parts of the world. Amazon has been expanding its list of eligible countries for sellers to register in. Over the last several months, 85 new countries have been added. The focus was predominantly in Central Asia, the Middle East, South …
Remote working was most common form of working during pandemic, BCC finds
A survey carried out by the British Chambers of Commerce (BCC) has found that remote working was the most popular form of flexible working during the coronavirus (COVID-19) pandemic. The survey of more than 900 firms found that 66% of employers offered remote working to their employees. 72% of businesses …
Trade credit insurance scheme to close
The temporary Trade Credit Reinsurance (TCR) Scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed. In a statement, the government and the Association of British Insurers (ABI) said the scheme will close on 30 June …
Number of freelancers increases for first time since onset of pandemic
The number of self-employed individuals increased month-on-month for the first time since the outbreak of the coronavirus (COVID-19) pandemic, according to the latest figures from the Office for National Statistics (ONS). The number of freelancers rose slightly from 4,313,000 in January to 4,331,000 in February, the data showed. However, the …
NIC reliefs set for Freeports
Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced. The National Insurance Contributions Bill, which legislates reliefs for those operating in Freeports, has now been published. The Bill confirms that from April 2022, organisations with …
UK economy set to grow rapidly once COVID restrictions are relaxed
In its latest report, the Bank of England (BoE) has predicted that the UK economy will grow at its fastest rate in more than 70 years in 2021 as coronavirus (COVID-19) lockdown restrictions are eased. The Bank expects the economy to grow by 7.25% this year. At their latest meeting, …
Businesses planning to adopt ‘hybrid’ working after easing of COVID restrictions
A survey carried out by the Institute of Directors (IoD) has found that businesses are planning to adopt so-called ‘hybrid’ working once the coronavirus (COVID-19) lockdown restrictions are fully lifted. The survey of 600 business leaders revealed that 63% of firms intend to shift towards one to four days of …
The role of Black Friday and Cyber Monday in 2020
The popular shopping events Black Friday and Cyber Monday are almost here. Since early 2020, the COVID-19 pandemic has brought a high degree of uncertainty to the global economy, in a year already destabilised by the proximity of Brexit. Notwithstanding turbulent, the e-commerce industry has grown steadily during the same …
Amazon Prime Day 2020: Opportunities for Sellers
It is official: Amazon Prime Day 2020 has finally been confirmed for 13th and 14th October. Back in July, Amazon postponed the popular shopping event following the record-breaking demand caused by the coronavirus pandemic and a subsequent strain on its fulfilment system. Now, after months of speculation and leaked dates, …