Have had a couple of questions re my 27 part thread on VAT changes. So let's do a quick FAQ:

1/n
"So should I stock up on Arduino's etc... now?"

No, not really. If you buy from aliexpress, amazon, ebay, etc... then you don't really need to worry, prices will go up ~20% on 1st of July. The VAT is collected everyone is happy. However, there are edge cases: 2/n
This is about when the item arrives in the EU, not when you order it. If you buy a €1 arduino from aliexpress on May 1st, then no VAT is paid, and none is needed when the package arrives in the EU. *IF* it arrives before the end of June 2021. 3/n
If it arrives on the 1st of July, because no VAT was collected by the seller, you now have to pay the €0.21 vat, plus the €13 handling fee to postnl. So you may want to not buy anything after April 1st, just to be on the safe side. 4/n
What you should do however, if you have a favourite supplier of say bespoke tools, or custom bike parts, or circuit boards, or whatever, contact them now. Let them know the rules are changing, and tell them how much you want to be able to still buy from them after July 1st. 5/n
Tho, dear hackers and makers, don't all fill @oshpark's inbox. I've already scared^WNotified them. Contact your favourite non EU small businesses. Help them. It'll be cheaper for you in the long run. More answers as more questions come in. 6/6.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with quixoticgeek

quixoticgeek Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @quixoticgeek

22 Oct
There seems to be a few tweets about the new VAT rules for the UK from 1st of Jan, and how that effects companies outside the UK selling to UK residents. Particularly with regard to foreign businesses having to register for VAT. Buckle up, it's time to talk tax law. 1/n
People have pointed fingers and said the UK is being stupid here, & that it's going to cause small businesses to stop selling to the UK. etc...But do you know what. This is actually an EU thing. Those of you in the EEA, you may wanna put the popcorn down, this effects you too 2/n
Many moons ago the EU decided that it wanted to do something about all those things we're buying from Aliexpress et al. They can't do anything about the cost of shipping. But they can at least claim their slice of the pie, in the form of VAT. 3/n
Read 27 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!