Opening an ecommerce in the UK

Online retailers who choose to open an ecommerce in the UK will benefit from many advantages due to the continuous growth of this sector in the country.

In 2019, ecommerce sales reached 668.9 billion, up from 639.7 billion pounds in 2018. One of the main advantages of opening an ecommerce is certainly the access to reduced taxation. Specifically, for companies, the taxation of profits is equal to 19%.

Also with regard to value added tax, the VAT (Valued added tax), i.e. the indirect rate charged on goods and services provided by businesses in the UK, there is no obligation to register for turnover equal to or less than 85,000 pounds per year.

Beyond this last figure, the rate will vary depending on the product sector (ordinary 20% or reduced to 5%)