On 1 July 2021, the European Union (EU) introduced its new e-commerce VAT reform, allowing sellers to no longer pay import VAT at clearance on low-value consignments. Instead, sellers can opt to charge customers VAT at the point of sale via their own website. This means that sellers will charge VAT at their customer’s own country’s VAT rates and will report and pay this via the Import One-Stop-Shop (IOSS) VAT return.
Source: fiscalsolutions.co.uk
