HMRC confirms One Stop Shop Portal has been operational since 1 July
The EU’s VAT e-Commerce rules changed with effect from 1 July 2021 and under the terms of the Protocol on Ireland/Northern Ireland, this affects Northern Ireland businesses that sell goods to the EU.
The One Stop Shop (OSS) procedure is designed to enable businesses to register in one Member State and complete one return for all EU sales. This is a major simplification and negates the needed to register for VAT and submit VAT in potentially all EU Member States.
Businesses that sell goods from Northern Ireland to the EU are able to pay VAT to all EU countries through HMRC using the OSS. HMRC confirmed to the Institute in a letter that the system is operational. Updated guidance is now available, which includes a link to the OSS portal.