8th September 2021: The most common VAT compliance issues have now been solved, thanks to the Comply platform from Taxback International.
From the 1st July the EU will reshape the current model of VAT obligations for B2C ecommerce sellers. Alongside the introduction of an Import One-Stop-Shop (IOSS), the arguable centrepiece of the new changes is the introduction of a One-Stop-Shop (OSS).
From 1 July 2021, a supplier selling goods from a third-country or third territory to EU customers can register for the Import One Stop Shop. The IOSS can only be used where the goods, excluding goods subject to excise duty, are dispatched by or on behalf of the supplier from outside of the EU at the time they are supplied and the intrinsic value of the consignment does not exceed €150.