Do you supply services to consumers in the EU? As of 1 July, new VAT rules will come into effect for distance sales of goods (B2C)…
From 1 July 2021, the Value Added Tax (VAT) exemption for the importation of goods with a value not exceeding €22 will be removed. As a result, all goods imported to the EU will be subject to VAT where applicable.
The Import One Stop Shop Scheme (IOSS) was created to facilitate and simplify the declaration and payment of VAT for distance sales of imported goods with a value not exceeding €150.
This factsheet provides an overview of what the IOSS is, how the process works and highlights key questions you may be asking.