Cross-border VAT accounting schemes ― One Stop Shop (OSS) and Import One Stop Shop (IOSS)

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance provides an overview of the VAT accounting simplification schemes available to businesses who supply goods or services within the EU to non-taxable persons.

For more detail on cross-border supplies, see the Exporting goods ― overview, Imports ― overview and International services ― overview guidance notes.

Overview of the VAT accounting schemes

In order to simplify cross-border VAT accounting, VAT accounting schemes have been introduced across the EU which UK businesses are able to use in certain circumstances.

These schemes aim to simplify VAT accounting within the EU and aid VAT compliance related to online sales to consumers. The schemes remove the requirement for businesses to VAT register in a number of jurisdictions where it otherwise might be necessary to do so. The schemes are the One Stop Shop (OSS) (which is made up of the Union OSS and Non-Union OSS) and the Import One Stop Shop (IOSS).

The

Access this article and thousands of others like it
free for 7 days with a trial of TolleyGuidance.

TAKE A FREE TRIAL

Popular Articles

Value Added Tax

Exemption ― burial and cremation

Exemption ― burial and cremationThis guidance note provides an overview of the VAT treatment of services that are provided in connection with the burial or cremation of human remains.VAT treatmentThe following services are exempt from VAT:•the disposal of the remains of the dead•making arrangements

14 Jul 2020 11:38 | Produced by Tolley Read more

Corporation Tax

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley in association with Anne Fairpo Read more

Personal Tax

Maintenance payments

Maintenance paymentsMaintenance payments are payments made by a taxpayer to their former or separated spouse / civil partner for the maintenance of that person or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the

14 Jul 2020 12:12 | Produced by Tolley Read more

UU��ֱ��