Global Logistics

Paying Import VAT as a Business selling into Europe

Selling goods into Europe?

What has changed for the sale of goods into Europe?

NO LVCR

The low value consignment relief, on goods valued under €22 sold into Europe, will be discontinued from 1st July 2021. This means that all import items sold into Europe will be subject to VAT regardless of their sale value.

ONLINE MARKETPLACES WILL COLLECT VAT AT THE POINT-OF-SALE

Online marketplaces will become responsible for charging and collecting VAT for imports not exceeding €150. Instead of import VAT, the marketplace will charge the customer VAT at the point-of-sale and declare it instead of the seller.

THE LAUNCH OF IOSS - IMPORT ONE-STOP SHOP

The Import One Stop Shop (IOSS) has been created to simplify the declaration and payment of VAT for imported goods with a value not exceeding €150 and re-establish fair competition between European and third-country e-commerce retailers.

Download our EU VAT guide

Click here to download our EU VAT guide

Download our FAQs

Click here to download our FAQs.

Download our ATLAS IOSS instruction guide

Click here to download our Atlas Instruction guide.