Retail Forum for Indirect Tax (ReFIT)
At EY we understand how important it is to keep up-to-date with any regulatory changes, to be able to proactively respond to them, and minimise their associated risk. Retail Forum for Indirect Tax (ReFIT) can help.
A well integrated multi-channel retail strategy is key to growth – but prepare for the implications.
Multi-channel retailing, particularly mobile and web, is an increasingly standard expectation of consumers, and provides for a cost-effective new market penetration strategy. However, with an ever-changing retail profile at home, and a growing global footprint, comes an increase in indirect tax regulatory and compliance obligations.
At EY we understand how important it is to keep up-to-date with any regulatory changes, to be able to proactively respond to them and minimise the risks associated with international trade. In response, Retail Forum for Indirect Tax (ReFIT) has been developed to provide you with proactive indirect tax guidance, news and opportunities.
What EY can do for you
We understand how indirect tax regimes in the UK and across the globe impact retail businesses, the importance of planning for them to manage day-to-day compliance in established markets, and their influence on plans for growth.
EY's Retail Sector-focussed Indirect Tax team can advise you on all VAT and Customs Duty issues affecting your business – we call it ReFIT.
With a global presence and offices around the world, we are excellently positioned to provide global support.
How EY can help
We help retailers achieve their business and growth objectives.
Whether you are an established or growing retailer, we are here to provide the best solution for you.
You may be a:
- Traditional “bricks and mortar” retailer
- UK-only focussed retailer
- Online retailer
- Catalogue provider (“At home retailer”)
- Global retailer; or
- All of the above.
Our retail team’s experience enables us to advise on all aspects of your business. We can help retailers both locally and internationally find innovative, practical and commercially-focussed solutions to help achieve their growth ambitions.
Our services include:
- Distance sales advisory and compliance
- Retail scheme reviews and adjustments
- Product file reviews
- Customs valuations and simplifications
- Property portfolio review; and
- Partial exemption assistance.
For more information about our services, please contact our retail team.
Events and news
Our ReFIT Forum is a quarterly Indirect Tax event for retailers, held in our London office.
It provides an update on issues affecting the industry, and gives you the opportunity to discuss your experiences with like-minded individuals.
Please revisit this page for information on future forums.
We publish a regular newsletter, EY VAT News, for clients and contacts, which provides analysis and practical commentary on VAT developments in the UK, EU and beyond.
Examples of topics covered:
- HMRC policy announcements and legislative changes
- Parliamentary material
- UK and EU court judgments delivered and pending
- EU law developments
- Intelligence on emerging VAT issues identified across our client base.
Read the latest Weekly VAT News.
If you would like to discuss any of the topics in more detail, please contact a member of the ReFIT team (or your normal EY contact).
Midweek Tax News
Midweek Tax News provides you with a succinct overview of the key tax developments that have occurred each week, to allow you to stay up-to-date on tax issues that may have an impact on your business.
Read the latest Midweek Tax News.
Read our tax insights for business leaders.
Contact us to find out more.