MARKET ENTRY

Wild Lovers London


The client

Wild Lovers is a Lingerie Brand that was founded in 2019 in East London by ex-colleagues and now best friends Becky & Julia, with the purpose of empowering the feminine figure. As a female-founded brand, Wild Lover's vision is to create and capture the retro girl’s free spirit to give customers the confidence of expression they have been looking for.

The company is collaborating with new artists around the world and supporting women-led small businesses. Every woman’s success should be an inspiration to another. Creating the perfect fit and flattering shapes is one of the values of the brand.

The challenge

Declaration of sales via One-Stop-Shop (OSS).
The registration for the OSS procedure has been possible since April 1, 2021, at the Federal Central Tax Office (BZSt). A calendar quarter is always the taxable period. All distance sales from Germany and other EU member states are declared (reported). Being from the UK, the company needed a VAT and OCC registration to conduct its business and sales in Germany and continental Europe.

The solution

The OSS procedure is intended to simplify Inner-European trade.

A registration takes place at the tax office of the corresponding country of destination and you have to register there for tax purposes. A sales tax return and the sales tax on the sales generated in other EU countries must be paid in the respective country of destination.

 

 

 

The beneft

All bureaucratic steps will be completed in a single spot. Accordingly, domestic and foreign companies, such as those from the UK, that trade across borders within the EU internal market, can only register once for tax purposes with the Federal Central Tax Office. Sales tax registrations in the individual countries can be omitted under certain conditions.

Instead of different delivery thresholds, a uniform threshold of EUR 10,000 (net) will apply in the future for certain sales. Above this amount, VAT is generally payable in the country of destination. Billing is done centrally with the help of OSS.

Let us be a part of your success story

Andreas Wilke

Owner

+49 6181 250 330

 

Email me  Book a meeting

Why us?
  • Strong experience in supporting foreign companies to develop their business in Germany
  • Our clients success is our success. Our objective is to grow along our clients
  • We are family owned. Our long- term perspective allows for good strategy and decision-making

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