Updates to UK VAT OSS and IOSS rules: Removal of VAT reporting for internal UK sales

• The UK has updated the VAT OSS and IOSS rules.
• The amendments remove the VAT reporting and accounting requirements for goods moved within the UK under the IOSS scheme.
• Businesses using the IOSS scheme will account for VAT on these sales through normal UK VAT returns.
• The Regulations align the OSS and IOSS schemes with the wider VAT penalties and interest regime introduced on 1 January 2023.
• The Regulations apply the FA 2021 Sch 26 late-payment penalty to the IOSS and OSS schemes.
• The Regulations come into force on 1 March 2024.

Source: taxjournal.com

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.

---

---