EU e-commerce VAT services and advice from IOE&IT
Helping you navigate and achieve compliance with new EU rules on VAT
On 1 July 2021 major changes came into force related to EU import VAT payable by many GB businesses including those that:
sell online to consumers in the EU
sell within the EU’s trading bloc of 27 member states
One key change affecting e-commerce goods in particular is that items imported into the EU with a value less than €22 (£15) are no longer exempt from import VAT.
This measure means that all goods sent directly from GB businesses to consumers in the EU are now subject to the local rate of VAT in the buyer’s country.
What you can do
If exporting into the EU, you can handle these new import VAT requirements via the EU’s Import One Stop Shop (IOSS) scheme.
For businesses trading within the EU, there is the One Stop Shop (OSS) scheme.
To report EU VAT via these schemes, GB businesses will require an EU VAT number obtained from an EU member state and may need to appoint an EU-established intermediary to fulfil their VAT obligations.
The Institute of Export & International Trade is helping GB businesses, including e-commerce traders, take advantage of these schemes, smoothing any complexities.
This support ranges from sessions with our renowned Technical Helpdesk (accessible to all IOE&IT Business Members) through to full consultancy to handle the necessary administration of registering in the EU.
Visit here to access support on the new EU VAT reforms