The One Stop-Shop is the evolution of the Mini One Stop-Shop previously created in the EU to help companies providing telecommunication services, television and radio broadcasting services as well as electronically supplied services to non-taxable persons in member states.
The new and improved One-Stop Shop also covers the sales of B2C goods between EU member states, this way simplifying VAT Compliance for online sellers and electronic marketplaces.
Global VAT Compliance can register your business for the OSS and help you simplify your VAT reporting. Contact us now and one of our experts will be with you shortly in order to offer you a first assessment of your situation.
The One stop shop was created in order to offer a simplification in VAT compliance businesses selling their products and services to EU consumers.
Yes! There are three One-Stop Shop schemes. The Non Union Scheme for providers of services, the Union Scheme for B2C supplies of services and goods in the EU and the Import scheme or Import One Stop Shop for sellers established outside the EU.
The Non union scheme is a continuation of the mini one stop shop for non EU sellers of services.
In this scheme non union sellers of services to EU consumers can register in order to declare VAT for their services offered in all EU states.
This scheme is also known just as the OSS which we covered above and it is designed for sellers located in the EU who sell their products or services to EU member states.
The import scheme is known as the Import One Stop Shop IOSS and it is focused towards sellers located outside the EU selling products of a value less than 150 € in EU member states.
In this case no VAT is charged at the moment of sale but the buyer has to pay vat to the postal or courier operator for the collection of the products. These special arrangements were introduced in the case where the seller opts not to use the IOSS when selling products to an EU Member State from a third country.