Simply put the OSS (One-Stop Shop) is the portal created by the EU where eCommerce businesses can register in order to comply with their VAT requirements in the EU. By using the One-Stop Shop businesses can submit their VAT returns in one country where they are registered and fulfil their VAT obligations for all 27 EU member states.
As we mentioned the OSS is not mandatory. It is not necessary to register for the OSS but it can be beneficial to your business in most cases. To find out if you require the OSS, Global VAT Compliance created a free online tool where you can receive a first assessment of your situation.
OSS registrations started on April 1st and you can register for the OSS (One-Stop Shop) with Global VAT Compliance. Just contact us and we will provide you with a tailor-made VAT assessment of your company and detailed information on the OSS.
GVC created an informational fact sheet for all sellers in order to learn about the OSS and its benefits. Please click below to view and download our IOSS informational fact sheet.