From 2021, new e-Commerce and VAT rules come into play.B2C sellers can opt to file a single EU VAT return through the One-Stop-Shop (OSS), alongside their domestic VAT return for all EU sales. At the same time, an EU-wide B2C selling threshold of €10,000 will replace those of all Member States.
TO OSS OR NOT TO OSSOSS is not compulsory. Businesses can instead continue to be registered in applicable EU Member States. So if your business decides to use OSS, you will need to make a number of transitions to prepare and be VAT compliant.
In our whitepaper, we outline practical steps that your business can make to prepare for the upcoming change.