UK tax authorities issued new guidance on what to do if you change your Import One Stop Shop (IOSS) VAT registration. If you had previously informed HMRC that you are registered with the IOSS, you can use the online resource
The Import One Stop Shop (IOSS)
Deliveries are considered drop shipments if no local fulfilment centre is used and there is no consolidation of stock in the EU. The item is imported from outside the EU and delivered directly to the customer in an EU country.
IOSS simplifies the collection and declaration of VAT for drop shippers. The Import One Stop Shop (IOSS) specifically applies to goods valued at no more €150. Read our articles on the IOSS below and learn how Vatglobal can assist your e-commerce company to become VAT compliant.
The EU’s VAT e-commerce package has benefited online retailers in Europe. However there are a number of important VAT issues that still need to be worked out. That’s according to preliminary results of a survey by online retailer industry body