EU leaders are currently discussing changes to the existing EU VAT system that could have a significantly negative impact on small businesses and consumers in Europe, including:
- New taxes on cross-border sales
- Higher prices for consumers
- More red tape for European small businesses
- Less cross-border trade within Europe
- Less choice for consumers
The proposed VAT reforms would force European small businesses who currently do not charge VAT in their home country to do so for sales to other EU countries as soon as they reach the relatively low level of €10,000 across the entirety of the European Union. Which means these proposals would have the largest negative effect on the smallest businesses.
This could force many small businesses to stop exporting entirely. The new rules would make low value imports from outside the EU subject to VAT which, whilst you might think this a good thing could significantly impact UK retailers after Brexit.
At the completion of this petition campaign, the eBay Government Relations team and members of the eBay Small Business Ambassador Network will formally present the petition to European leaders. As always, eBay say that they will continue to fight for legislation that is fair for sellers and consumers.
You can sign the petition here.