Changes to VAT and duty-free shopping?
The UK government has announced changes to duty-free shopping and the VAT Retail Export Scheme that will come into effect from 1 January 2021.
VAT Retail Export Scheme
The VAT Retail Export Scheme, which provided for VAT refunds for overseas visitors buying in British shops, will end. Currently, non-EU visitors to the UK are able to claim a refund of the VAT on goods bought in the UK and taken home.
Overseas visitors will still be able to buy items VAT-free in-store and have them sent directly to their overseas addresses, but this means…
A new paradigm that puts retailers back in control
Headless Commerce is an architectural approach to building an e-commerce site that decouples the front-end customer experience from the backend applications that power it — and uses APIs to connect the two.
This is a change from the traditional e-commerce platforms where the front-end and the back-end are tightly coupled together.
For many retailers, it represents a move away from limiting their e-commerce functionality to one of the big SaaS platforms, towards having the benefit of an independent pick-n-mix approach to delivering their e-commerce sites.
What’s driving the move to Headless…
A philosophical question for online retailers
This is a philosophical question that I have — do you want to be a trendsetter or an order taker?
It’s driven by my observation that many online sites are starting to adopt Artificial Intelligence/Machine Learning (“AI/ML”) to deliver product recommendations and even determine the sortation order on a PLP (product landing page) or a Search Results page.
Online retail is adopting AI/ML
According to Meticulous research, the use of AI/ML within online retail is set to rise 35.9% to reach $15.3 Billion by 2025¹.
Wisdom of the Crowd
For those of…
André is the founder and CEO of Advance Commerce.