6 months after e-commerce VAT package, reforms needed to remedy faults; mandating IOSS option; withdrawal of €150 IOSS threshold; extension of OSS to all B2C transactions and single VAT registration Update: the EU is proposing the €150 threshold for use of IOSS be withdrawn from
Over 4,600 sellers had registered for IOSS at the start of October 2021 Update: the EU is proposing the €150 threshold for use of IOSS be withdrawn from 1 March 2028. We’re now a few months into the new IOSS pan-EU return regime, which enables
The introduction on 1 July 2021 of the new Import One-Stop Shop IOSS is helping thousands of sellers report sales VAT on their sales of imported consignments not exceeding €150. But deemed supplier marketplaces or ‘electronic interfaces’ may also opt to use them too. Register
The EU e-commerce VAT package introduced the requirement for non-EU sellers or marketplaces using the new import scheme – IOSS Import One-Stop Shop – to appoint an EU resident Intermediary. IOSS is the new return introduced from 1 July 2021 for reporting the import distance
