The European Commission has produced guidance
on its VAT One-stop Shop (OSS) schemes that will be effective from 1 July 2021.
The guidance includes a new section ‘Guide to the VAT One Stop Shop’ providing
details on registration, VAT returns and VAT payments for the three OSS schemes
(union scheme, non-union scheme and import scheme).
UK businesses which sell goods and some services to EU
consumers will need to consider these rules to decide if they need to apply
them. The new Commission guidance covers:
simplified rules
for low-value (under EUR 150) goods consignments;
new Import One-stop
Shop (IOSS) to facilitate distance sales of low-value goods imported from
non-EU countries;
single member
state registration for online sellers;
abolition of the
existing thresholds for distance sales of goods, replaced by an EU-wide
threshold for distance sales of goods/BTE (broadcasting, telecommunications and
electronic) services of EUR 10,000; and
special ‘deemed
supplier’ provisions and record-keeping requirements for online marketplaces.
The new EU-wide rules for distance sales of goods were
introduced into the Principal VAT Directive by Directive
2017/2455/EU and will apply from 1 July 2021.
The European Commission has produced guidance
on its VAT One-stop Shop (OSS) schemes that will be effective from 1 July 2021.
The guidance includes a new section ‘Guide to the VAT One Stop Shop’ providing
details on registration, VAT returns and VAT payments for the three OSS schemes
(union scheme, non-union scheme and import scheme).
UK businesses which sell goods and some services to EU
consumers will need to consider these rules to decide if they need to apply
them. The new Commission guidance covers:
simplified rules
for low-value (under EUR 150) goods consignments;
new Import One-stop
Shop (IOSS) to facilitate distance sales of low-value goods imported from
non-EU countries;
single member
state registration for online sellers;
abolition of the
existing thresholds for distance sales of goods, replaced by an EU-wide
threshold for distance sales of goods/BTE (broadcasting, telecommunications and
electronic) services of EUR 10,000; and
special ‘deemed
supplier’ provisions and record-keeping requirements for online marketplaces.
The new EU-wide rules for distance sales of goods were
introduced into the Principal VAT Directive by Directive
2017/2455/EU and will apply from 1 July 2021.
