Selling goods into Europe?
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.