The new European Union (EU) VAT system for business-to-consumer (B2C) e-commerce sales comes into force on 1 July 2021. This package of changes comprises: a one stop shop for accounting for VAT on B2C services; an import one stop shop (IOSS) to pay import VAT on low value imports of less than €150 from outside…
Month: June 2021
The Import One Stop Shop (IOSS) scheme isn’t that simple
The Import One Stop Shop (IOSS) aims to simplify cross-border VAT for consumers. The scheme goes live on 1 July 2021, but already some GB based taxpayers are finding some unexpected complications. The import one stop shop is an EU wide scheme the aim of which is to simplify the movement of goods not exceeding…
Are you making this mistake in your business?
Most entrepreneurial business owners want to grow their business, make more sales and generate more profit. It’s why they started the business in the first place. But in their eagerness to make more profit and earn more, too many business owners make a fundamental mistake, which I see all too often. They assume the answer…
