Chris Walsh and Heather Compton discuss tax specific challenges for companies with e-commerce channels that are accessing and selling to buyers across the globe.
In 2011 the UK’s online retail sales exceeded £50bn for the first time (according to the Centre for Retail Research) easily eclipsing all other EU countries. This represents about 12% of all UK retail sales in the year and that figure is forecast to grow by another 14% in 2012. When online business-to-business (B2B) sales are added to the mix it becomes clear that e-commerce has evolved into the fastest growing channel not only for ordering goods and services but also for making payments in respect of those supplies.
The wide availability of the internet coupled...
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