IOSS Deadline and Payments

IOSS Deadline and Payment Process

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.

Plastic Tax Will Aid EU Recovery

Since January 1st, 2021 a new Plastic Tax has been introduced in the European Union. The EU Packaging Levy has been in put place as part of the EU COVID-19 recovery fund. The funds raised from this revenue stream will bolster EU budgets between 2021 and 2027 alongside other environmental taxes such as the ‘Carbon Border Adjustment Mechanism’ or Carbon Border Tax.