HMRC have published a Notice under the powers in VATA 1994 Sch 9ZE, to set out various requirements for the VAT import one-stop shop. The import one-stop shop (IOSS) is designed to mirror the EU’s VAT distance sales rules, broadly for sales of certain low-value goods in Northern Ireland.
Sections on how to register, make returns (including the information that must be included in returns), payment of VAT, and notifying HMRC of changes to an IOSS registration are given the force of law under the relevant paragraphs of Schedule 9ZE.
HMRC have published a Notice under the powers in VATA 1994 Sch 9ZE, to set out various requirements for the VAT import one-stop shop. The import one-stop shop (IOSS) is designed to mirror the EU’s VAT distance sales rules, broadly for sales of certain low-value goods in Northern Ireland.
Sections on how to register, make returns (including the information that must be included in returns), payment of VAT, and notifying HMRC of changes to an IOSS registration are given the force of law under the relevant paragraphs of Schedule 9ZE.
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