Over half of retailers in the United Kingdom think cross-border trading will become more complex when the country leaves the European Union. However, 44 percent of retailers who sell abroad will continue with their existing cross-border ecommerce operations, while 23 percent plans to invest more in growing their business outside the UK.
These are some of the results of a survey conducted by Global-E. It asked 250 British retail decision-makers about the impact of Brexit on their business. One in three cross-border retailers said they’ve seen an increase in overseas sales, while one in five saw sales in the United Kingdom rise. Also, 30 percent have seen a fall and 47 percent say they’ve seen no impact at all.
Over half of the retailers think Brexit will make cross-border selling more complex. Nir Debbi, co-founder of Global-E, shares this thought. It will likely change the VAT compliance of UK retailers selling to EU and the distance-selling regulations related to duties and taxes, said Nir Debbi, co-founder of Global-E. .
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