For many UK fashion businesses, expansion into international markets is an important strategy for sales growth.
However, despite the rewards that selling to overseas customers may bring, it can be a complicated, confusing and potentially costly process for brands and retailers, especially if tax compliance requirements are not followed.
Drapers has partnered with tax experts Avalara to produce this guide to cross-border tax compliance, highlighting the challenges that arise when UK businesses expand and sell into international markets, and how to overcome them.
It will also address Harmonised System (HS) codes, the complex but universally used method of identifying and assessing imported goods. It will explain the common and costly consequences of getting HS codes wrong, and how to avoid them.
This guide aims to help UK fashion brands and retailers of all sizes develop a cross-border strategy, to overcome tax challenges when selling internationally, and better navigate this increasingly important area of business.
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