The new European Union (EU) VAT system for business-to-consumer (B2C) e-commerce sales comes into force on 1 July 2021. This package of changes comprises:
· A one-stop-shop for accounting for VAT on B2C services and intra-EU distance sales of goods
· An import one-stop-shop to pay import VAT on low-value imports from outside the EU
· Special VAT rules for goods sold to EU consumers via online marketplaces.
Source Business Magazine
