- OSS means One-Stop-Shop, which is a single EU VAT return, including the withdrawal of distance selling thresholds.
- IOSS stands for Import One-Stop-Shop. This relates to the online portal sellers have access to post-July 1 2021, to comply with the new VAT ecommerce obligations.
- MOSS means Mini One-Stop-Shop, an optional digital services scheme that has been converted into OSS on July 1, 2021. The MOSS scheme has been running since 2015 and originally allowed sellers to account for VAT in one country, rather than multiple EU countries as standard.
Source Avalara
Latest Posts in "European Union"
- A Coherent Tax Framework for the EU’s Financial Sector: Why the EU Says the Status Quo Is No Longer Tenable
- Statement by President von der Leyen on the 20th package of sanctions against Russia
- Comments on ECJ Case C-603/24: Germany Urges for Clear VAT and Transfer Pricing Classification Following Advocate General’s Opinion
- Comments on ECJ Case C-72/24 and C-73/24: Use of Statistical Values for Customs Valuation Only as Last Resort in Limited Cases
- Boehringer Ruling: Could £2.5bn VAT Reclaims Transform UK Pharma and Healthcare Forever?
