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EU Parliament e-commerce import VAT proposals briefing

26 July 2024 in

E-commerce package

Parliament comments on EC IOSS threshold removal proposal The European Parliament has produced a briefing on the European Commissions proposals for e-commerce import VAT reforms. This includes: Removal of IOSS €150 threshold reporting limit Extend deemed supplier obligations for marketplaces facilitating consignments exceeding €150 Removal

EU ViDA Single VAT registration Jul 2027 launch underway

25 June 2024 in

Preparations begin for July 2027 Extension of OSS return for cross-border movement of own goods: B2C e-commerce; and B2B call-off stock Harmonisation of B2B reverse charge. But extension of marketplace ‘deemed supplier’ to EU sellers proposal now dropped Whilst the full EU VAT in the

EU VAT fixes for B2C e-commerce IOSS

18 June 2024 in

EU VAT e-commerce package

EU VAT Expert Group revisits Import One Stop-Shop reforms The European Commission’s VAT Expert Group (VEG) has been reviewing improvements to the July 2021-introduced Import One Stop-Shop (IOSS) regime. This was part of the e-commerce VAT package reforms. IOSS enables the pan-EU reporting of VAT

UK launches EU IOSS VAT portal

26 March 2024 in

EU VAT e-commerce package

HMRC opens Import One-Stop-Shop portal for e-commerce sales NI to EU The UK’s HMRC has launched 1 March 2024 its own full portal for the EU’s Import One-Stop-Shop IOSS. This enables UK or other non-EU businesses with a UK VAT number to report Northern Ireland

EU Parliament backs 2028 ending €150 IOSS limits

2 November 2023 in

Customs

ECON votes for Directive changes as part of wider March 2028 Customs & VAT reforms On 24th October 2023, the EU Parliament’s Committee on Economic and Monetary Affairs committee (ECON) voted in favour of two amendments to the VAT Directive 2006/112/EC. These two reforms are

EU €20 billion VAT in 2022 from OSS & IOSS; 130,000 taxpayers

2 July 2023 in

EU VAT

E-commerce package reforms 2022 revenues up 26% on 2021 numbers; 130,000 e-commerce sellers & marketplaces registered The European Commission as published 2022 revenues for the One Stop-Shop return and Import One Stop-Shop returns – €17 billion and €2.5 billion, respectively. It said that almost 130,000

France VAT & Customs fraud measures roadmap

8 June 2023 in

e-invoicing

Ministry of Finance new roadmap for mandatory e-invoicing, e-commerce platforms and dropshipping reforms The French Ministry for the Economy and Finance has published a roadmap for a range of measures to combat fraud in public finances. This includes a range of VAT-related measures which the

2028 EU customs reforms introduces Deemed Importer

5 June 2023 in

Customs

Business using IOSS may incur customs duties debt on import distance sales from March 2028 The EU European Commission unveiled major Customs Union 2028 reforms last month which included the creation of a new ‘Deemed Importer’ model. These are traders importing goods into the EU

EU 2028 scraps €150 import VAT & customs consignment threshold and IOSS limit

18 May 2023 in

Customs

March 2028 VAT on all import B2C consignment must be charged at sale in checkout; IOSS €150 limit withdrawn; marketplaces liable for seller VAT and customs; optional Special Arrangements extended As part of yesterday’s EU Customs reforms proposals, the VAT special arrangements threshold of €150

EU Import One-Stop Shop IOSS mandated for marketplaces 2028

11 April 2023 in

EU VAT

2028 ‘Facilitating marketplaces’ take on EU import VAT reporting IOSS obligations as part of Customs reforms Plans to require marketplaces to become the deemed supplier and use the VAT Import One-Stop Ship (IOSS) return for their sellers EU imported B2C sales have been moved back

Tag: IOSS