What is the role of the EU IOSS Intermediary for VAT, and who must appoint one?
The EU will reform VAT on e-commerce on 1 July 2021 in its e-commerce VAT package. This will include a new pan-EU import VAT return, Import One-Stop-Shop IOSS return. This will enable sellers or facilitating marketplaces to report VAT charged at the point-of-sale on distance sale import consignments not exceeding €150. Non-EU businesses will have to appoint an EU-resident Intermediary, a type of VAT agent, to represent them to use IOSS. The Intermediary shares responsibility for returns submissions and VAT payments.
Source: Avalara
