Join Patrick Rauland for an in-depth discussion in this video Collecting EU value-added tax (VAT), part of WordPress: Ecommerce.
- Tax laws are always changing which can be difficult…for any type of business.…In early 2015 there was a big change in how the…European Union collects taxes.…If you live anywhere in the world,…and someone in the EU buys a digital good from you,…you have to pay those county's taxes.…In the EU, this tax is called VAT, or Value-added tax.…This is similar to the sales tax you may pay on goods…in the US.…Different countries in Europe have different tax rates…and you have to track each one and apply it automatically.…On WooThemes.com, I can see how this works.…If I add an item to my cart and try to check out,…it will automatically detect that I'm in the US…and show me those prices.…
That's pretty cool.…If I click through to the Checkout page and scroll down,…I now see a dropdown menu for Country.…If I change my country to the United Kingdom,…the Checkout page will ask me to confirm if I am in the UK.…Once I do that, the UK VAT rate will be…applied to the order.…Now there are subtleties to these new laws.…For example, if the user is in the UK but has an IP address…
To start, you need to understand the market for your product or service so you can build your website around it. So Patrick Rauland kicks off with some key questions that will help you define your audience and organize your products. He'll then help you set up a payment gateway with PayPal or Stripe, ship orders, collect taxes, and secure sensitive data. And if you weren't convinced already, Patrick reviews the benefits of WordPress ecommerce tools as well as a selection of third-party tools that integrate beautifully with WordPress. Plus, get bonus tips on marketing your new website: attracting and retaining customers and increasing the value of the average order.
- Defining your audience
- Organizing your products
- Marketing your WordPress site
- Increasing average order value
- Getting paid
- Checking out with PayPal or Stripe
- Managing and shipping orders
- Collecting tax
- Protecting sensitive data
- Using WordPress or third-party platforms for ecommerce