Tell HMRC if you’re registered for the VAT Import One Stop Shop in the EU
If you sell low value goods in consignments not exceeding £135 in value into Northern Ireland and you are registered for the VAT Import One Stop Shop (IOSS) in the EU, you must tell HMRC your IOSS registration number.
What is the IOSS?
The EU’s IOSS is designed to help trading into the EU. It facilitates the collection, declaration, and payment of VAT for sellers that are making distance sales of imported goods to buyers in the EU.
If the seller is not registered in the IOSS, the buyer has to pay the VAT and usually a customs clearance fee charged by the transporter at the moment the goods are imported into the EU.
What does it mean for my business
To comply, you’ll only need to speak to HMRC once. You need to supply them with a number of details including your IOSS registration number, the name of the EU country you’re registered in and your UK VAT registration number, if applicable.
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