New VAT e-commerce measures that will enter into force from 1 July 2021. These new rules are reflected in the increased scope of the One Stop Shop (OSS) scheme and the introduction of the Import One Stop Shop (IOSS) regime which aim to simplify VAT obligations for businesses engaged in cross-border e-commerce thus ultimately deepen the EU single market.
With the go-live of 1 July approaching, Revenue has since published several guidance documents that provide more insight into the new OSS and IOSS schemes which we will consider further in this article. In particular we will look at what’s new, what’s changed and what’s stayed the same with the new measures being introduced.
Source Deloitte
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