European Parliament Plenary sitting Report re Proposal for Expanding VAT Rules on Distance Sales of Imported Goods and Simplifying Compliance

The proposal aims to expand the range of supplies covered by the IOSS, Special Arrangements, and deemed supplier regime by removing the EUR 150 threshold.
The IOSS could be used to declare and remit VAT on all distance sales of imported goods into the EU, excluding products subject to excise duties.
The proposal will reduce compliance costs for businesses and create a level playing field for online sellers.
The extended IOSS will give authorities more time and resources to focus on fighting fraud and providing compliance assistance.
The reform will combat abuse of the duty exemption by preventing fraudsters from undervaluing goods.
The proposal builds on the success of the VAT e-commerce package and the VAT in Digital Age proposal.
Compliance efforts will be focused on a smaller number of large players in the market.
The proposal supports the principle of a single VAT registration in the EU.
Taxable persons making distance sales of imported goods via marketplaces will no longer have to register for VAT if the intrinsic value of the consignment is above EUR 150.
The marketplace will act as the deemed supplier and declare and remit the VAT due on those supplies.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.