SimplyVAT Guest Blog: What is IOSS?

SimplyVAT Guest Blog: What is IOSS?

The Import One Stop Shop (IOSS) was introduced in July of 2021 as part of the wider EU VAT reforms. It is a scheme designed to help online sellers access the EU market and sell imported goods to end customers in a simplified manner.

When are VAT payments due?

When are VAT payments due?

When are VAT payments due?  Businesses submitting quarterly VAT returns are required to pay VAT due 1 month and 7 days following the end of the end of the VAT period. For example, a VAT period ending on 31 March will require payment of the VAT liability by the 7 May....