Dropshipping suppliers play a crucial role in reducing stress and costs for online businesses. By partnering with independent companies that handle inventory and order fulfillment, dropshipping eliminates the need for storing products, packaging, and shipping.
As the UK prepares to leave the EU VAT area, changes in VAT management for goods and services imported to and from the EU are inevitable. In the new arrangement, the seller won't charge VAT, and the buyer will be responsible for paying VAT and any applicable duties to HM Revenue & Customs (HMRC) during import.
The recent UK law requires VAT to be paid in advance at the time of import, rather than upon goods' final destination. This could significantly impact international dropshipping suppliers, forcing them to assess whether they can afford the advance VAT payment when importing to the UK.
However, if your dropshipping business targets the UK market and your supplier operates or has a warehouse in the UK, the new VAT changes won't have a substantial impact on their operations or your business.
Source from https://www.dsers.com/blog/dropshipping-suppliers-uk/
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