ECON Committee met on 24 October for a consideration of draft report and decision on procedure regarding the EC proposal on VAT rules for taxable persons who facilitate distance sales of imported goods and the application of the special scheme for distance sales of goods imported from third countries, and special arrangements for declaration and payment of import VAT.
The proposal aims to further adapt the EU VAT framework by expanding the range of supplies covered by the Import One Stop Shop (IOSS), Special Arrangements and deemed supplier regime by removing the EUR 150 threshold, which currently limits their application and effectiveness. Therefore, the IOSS could be used to declare and remit the VAT due on all distance sales of imported goods into the EU, irrespective of their value, but not including products subject to excise duties, which remain excluded from the scheme. This proposal also aims to reduce compliance costs for businesses and create a level playing field for sellers operating online.
At the meeting, every MEP who spoke agreed to move forward with a streamlined process for this file, no amendments. The final Plenary vote is set for 20 November.
