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Leo Tucker: Welcome to the World of Tax miniseries. I'm your host, Leo Tucker, and I'm joined again today by my favorite guest, Grigory Schichkho. Grigory, welcome.
Grigory Schichkho: Hi, Leo, and hi, everyone.
Leo Tucker: A couple of weeks ago, we put up a poll on LinkedIn, and the question was, if you are a European merchant selling physical goods into the UK, do you have to charge and collect VAT? And we were surprised at how few got the question right. So I think it's a good time to talk about VAT requirements, tax collection requirements, registration requirements for selling physical goods into the UK. Let's start talking about reporting requirements. So when is tax collection required on physical goods being sold into the UK?
Let's start there. You're a foreign foreign merchant selling into the UK physical goods.
Grigory Schichkho: Yep. So let me step back, a little bit, Leo, before I answer your question. So, it's especially relevant to ecommerce merchants based in the European Union because we ar...