E-commerce sales of goods to Northern Ireland (NI) from the rest of the UK (Great Britain or GB) now have special rules following the 1 July introduction of the EU’s e-commerce VAT package VAT. This may affect UK sellers who are EU IOSS registered selling
VAT compliance simplifications; new tax collections role for marketplaces On 1 July 2021, the European Union introduced three key reforms to simplify their B2C e-commerce VAT regime, and help eliminate an estimated €1.5 billion in fraud affecting the EU B2C goods sector. The reforms will
The EU’s e-commerce VAT package launched on 1 July 2021. What changed 1 July 2021 with EU e-commerce VAT package Update: 2022 OSS amendments to be considered. EU and non-EU sellers only need 1 VAT return, ‘One-Stop Shop’ (OSS) for B2C distance selling of goods, traditional
The EU e-commerce VAT package has now come into force on 1 July 2021, including the introduction of the new pan-EU Import One-Stop Ship (IOSS) return. May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. These
From 1 July 2021, new VAT rules apply for sellers and marketplaces serving European Union consumers under the EU ecommerce VAT package. This will include complex invoice obligations imposed by both the EU VAT Directive and optional choices for the member states. This blog covers
Amazon is notifying its sellers on preparations for the launch of the 1 July 2021 EU VAT ecommerce package. This withdraws distance selling thresholds, the €22 import VAT exemption and makes marketplaces like Amazon liable for their sellers’ transactions in certain cases. From 1 July
Since 1 July 2021 and the introduction of the EU deemed supplier marketplace rules for electronic interfaces, certain records must be maintained by marketplaces. This covers when the marketplace is using the OSS or IOSS Special Schemes. This is part of the wider EU e-commerce
Cyprus has issued guidance to EU and non-EU sellers and marketplace affected by the 1 July 2021 e-commerce package reforms. These seek to withdraw distance selling threshold, the €22 import VAT exemption and impose new VAT liabilities on certain marketplace transactions. To support this, and
The UK has implemented its e-commerce VAT reforms for online sellers and marketplaces (OMP) on 1 January 2021. This changes the rules on import VAT for e-commerce, and makes marketplaces liable for the UK VAT obligations of their third-party sellers. This will mean UK VAT
25 reforms – improve VAT and other taxes’ fairness and simplicity The European Commission (EU) unveiled its Tax Action Plan in July 2020, a range of 25 Value Added Tax and other tax reforms to improve the efficiency and fairness of tax collections across the twenty
