What does GBP mean on Amazon
Brexit and Amazon - what will change for the Amazon retailer as a result of the UK leaving PAN EU?
What does EFN mean?
With Amazon's EFN program (European Shipping Network - EFN) stores the goods in only one country, from there all orders are dispatched. Inventory management is simplified by central storage, but shipping can take longer if you want to ship abroad.
EFN is primarily suitable for new or smaller Amazon retailers who sell up to approx. 500 units per month. For those who sell or want to sell more, the PAN-EU program makes more sense. With the PAN-EU program, however, a retailer needs a sales tax ID in each of the countries in which the Amazon warehouses are located; with the EFN program, a sales tax ID must only be applied for for those countries in which the own goods are stored should be.
EFN is primarily suitable for new or smaller Amazon retailers who sell up to approx. 500 units per month.
When will the changes take place at PAN EU?
Great Britain left the EU on January 31, 2020. However, until December 31, 2020, a transitional arrangement still applied. From January 1, 2021, there will be a (customs) border between the EU and Great Britain.
What suggestions does Amazon have for its online retailers regarding Brexit?
So far, Amazon has informed its retailers about the expected changes as follows:
Offers with Fulfillment by Amazon, for which EFN is used, can no longer be sent across the border between the UK and the EU from 1.1.2021.
• PAN EU:
The inventory from the PAN-EU program can no longer be sent between the UK and the EU from 1.1.2021. Pan-European shipping from the rest of the PAN-EU countries within the EU will continue to be carried out by Amazon.
Amazon recommends that online retailers split inventory between the UK and the EU so that there is enough inventory on either side of the future customs borders to meet demand. The distribution - this only applies to the distribution from / to the UK - is no longer carried out automatically by Amazon according to forecast sales figures. This will continue to work as usual between the other camps in the other countries.
Amazon recommends that online retailers split inventory between the UK and the EU so that there is enough inventory on both sides of the future customs borders.
• Customs border:
There will be a new customs border between the EU and UK in the future, for which customs papers and additional information will have to be provided. There are currently no import duties - but this can change at any time.
• Advance information:
As an online retailer, Amazon generally recommends preparing for the situation and obtaining further information on the websites of the European Commission and the British government.
What aspects need to be considered when trading online with Great Britain from 2021?
Great Britain has so far been very interesting as an online marketplace for both suppliers and buyers. Many buyers - also from Germany - like to shop in Great Britain, as a large number of items are offered there at low prices.
Which tax law aspects need to be considered from January 1, 2021?
After the transition period, Great Britain is viewed as a third country from the EU's perspective.
Every online retailer should do the following with a view to future business:
- Analyze UK sales
- Check margins
- Think about whether and how and to what extent and under what conditions trading with the UK could continue to be worthwhile.
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