Take Advantage Of IOSS: Sell To All 27 EU Member States With Just One VAT Return
On July 1 2021, the European Union (EU) will introduce the Import One-Stop Shop (IOSS) scheme. The new system simplifies current VAT registration requirements for selling into the EU, making it easier for businesses to grow, stay compliant and protect their bottom line.
The IOSS scheme applies to goods being sold into the EU with a total consignment value under €150.
The EU is also removing the €22 import VAT exemption, so from July 1 businesses not using IOSS will have to pay import VAT on all goods being sold into the EU.
Is IOSS for you?
By registering for IOSS your business could benefit from:
- Trade access to all 27 EU member states with one VAT registration
- Improved cash flow by removing import VAT payments
- Enhanced customer experience with reliable, transparent and accurate pricing at checkout
Avalara
