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Retail

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Small Online-Shops in Great Britain are buckling under the demand for free returns. Especially after Christmas, many customers return their unwanted gifts and expect the companies to pay. More than 200 British Online-Shops are under serious threat to close down, a new study by ParcelHero reveals.

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Alibaba, the Chinese multinational E-Commerce giant, wants to increase its work in France and is planning to build a new logistics center. The retailer is preparing this step at the moment by looking for a suitable location and the right partners.

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A lot of changes are happening in Europe. Great Britain is trying to figure itself out amidst its Brexit woes, there are political upheavals in Spain, relations with the US could be better; but these are not the main concerns for online retail in 2018. There are many other problems e-tailers face in our ever changing world.

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Britain is preparing to leave the EU and needs several new bills to pass through parliament in order for key aspects of Brexit to work. Right now, there is a new bill regarding taxation in discussion: British companies could be liable to pay VAT on imports from the EU-27 for the first time. Up until now they could opt to import goods free of VAT and pay the tax when selling the goods. New regulation might increase expenses and affect their cash flow negatively.

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There were many changes in 2017. With many chain stores closing their doors, voice-based assistants came into our homes and offices to help us command our daily lives. The future will hold many kinds of changes for shopping technology and culture. Retailers are doing their best to get ahead of consumer demands by investing strategically.

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If you are an online retailer who has ever dreamed of simpler VAT rules for your online business, now is the time to rejoice. Instead of filing a tax return in each EU country in which you sell, you will be able to file one tax return for the entire EU. This decision, made in December 2017, will reduce costs for e-commerce companies and increase tax revenues of EU countries.

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