Take advantage of the €700 billion e-commerce market.
You can now sell directly into the EU member states with a single OSS or IOSS return.
The One-Stop Shop (OSS) and Import One-Stop Shop (IOSS) scheme makes EU VAT compliance easier than ever before
What is the European VAT e-commerce package?
Since 1st July 2021, there have been a number of key changes when it comes to trading within the EU. These changes include the introduction
of the new One-Stop-Shop (OSS) and Import One-Stop-Shop (IOSS) schemes.
Online Marketplaces, such as Amazon and eBay (among others) are deemed suppliers, meaning that they have to take up the responsibility of collecting and remitting
VAT payments to the tax authorities within the EU. The shake-up of VAT legislation does not stop there. Distance selling thresholds across the EU have been withdrawn
and a new EU-wide €10,000 threshold has come into effect for EU companies before an e-commerce business is required to register for OSS..
Finally, the LVCR (Low Value Consignment Relief), which is currently applied to goods under €22 in value will also be abolished, which means that all goods imported
into the EU will be subject to import VAT, unless IOSS is utilised. Any goods being imported into the EU with a consignment value not exceeding €150 could be declared
on an IOSS return.
What is One-Stop Shop (OSS)?
Any business selling goods to consumers in the European Union (EU) will need to understand and implement major new VAT rules from 1 July 2021.
The One-Stop-Shop, or OSS, involves a single registration, where you will be able to report your distance sales with a single OSS return. An EU registered company will be required to register for OSS in their home country, however those businesses located outside of the EU will need to nominate a country where they will file their OSS returns and pay their VAT.
The taxable place of supply for EU distance sales of goods will change from the country of departure to the country of delivery. If you are storing goods within a European country, you will still be required to register for VAT and will be required to file a VAT return for all local sales within that country.
Make sure your business is ready by registering for OSS below...
What is Import OSS (IOSS)?
The IOSS return is being introduced to declare consignment sales as described above, where imports are made into the EU with a consignment value under €150.
Like OSS, the Import One-Stop-Shop, or IOSS, involves a single identification country. The IOSS return will be filed in this nominated country and will declare sales under €150 arriving throughout Europe. The IOSS return will follow the same format as an OSS return, identifying the supply values per delivery country, enabling the tax authority receiving the IOSS return responsible for allocating the VAT payments to each EU tax authority.
With the AVASK Import One-Stop-Shop (IOSS) expert solution, we will support you in selling to all 27 EU countries whilst ensuring that you remain VAT compliant.
Make sure your business is ready by registering for IOSS below...
Register for OSS / IOSS
Please complete the application form below to register for OSS and IOSS services with AVASK.