HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has been updated. The special VAT return should only be completed by businesses registered for the OSS Union scheme.
The OSS Union scheme can be used by businesses selling goods from Northern Ireland to consumers in the EU under the terms of the Northern Ireland Protocol. In order to use the scheme, sales must be above the distance selling limit of £8,818 (€10,000). The scheme is only for the sale of goods. Supplies of digital services to consumers in the EU should not be reported.
Using the OSS saves affected businesses from having to register for VAT in up to 27 EU countries where they make distance sales of goods from Northern Ireland. The OSS Union scheme can be used to manage the VAT on distance sales of goods from Northern Ireland to the EU in one place.
27/03/2024 - More...
HMRC has been forced into an embarrassing climbdown on plans to close the Self-Assessment, VAT and PAYE helplines from
27/03/2024 - More...
Earlier this month, saw the 10th anniversary of the StepChange Debt Charity’s annual Debt Awareness Week. This is
27/03/2024 - More...
The rules for individuals providing services via an intermediary such as a personal service company (PSC) are complex.
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
» Sign up for the Newsletter
» Login