Market leading insight for tax experts
View online issue

VAT IOSS registration guidance

printer Mail

HMRC has published new guidance Tell HMRC you’re registered for the VAT import one stop shop in the EU for businesses that are registered for the VAT import one-stop shop (IOSS). From 1 July 2021, businesses that sell low-value goods in consignments not exceeding £135 in value into Northern Ireland and are registered for the VAT IOSS in the EU, must tell HMRC their IOSS registration number. Such businesses need only make a notification of their IOSS registration number once.

The notification is through an online form, for which businesses will need the following details:

  • IOSS registration number;
  • name of the EU country they are registered;
  • name, address and contact details; and
  • UK VAT registration number, if applicable.

From 1 July 2021:

  • UK VAT registered businesses that are registered for IOSS must account for VAT on sales of eligible low-value goods into Northern Ireland on their IOSS returns; and
  • businesses in Great Britain that are not UK VAT registered do not need to charge VAT on sales of low-value goods into Northern Ireland.
Issue: 1538
Categories: News