- Single VAT Registration simplifies EU VAT compliance by allowing businesses to file one consolidated VAT return via OSS, eliminating multiple registrations.
- Major changes by 2028 will expand OSS to cover own goods movements, reverse charge rules, and new fraud prevention under IOSS.
- Some activities may still require local VAT registrations, such as B2B domestic supplies and margin schemes.
- Single VAT Registration allows businesses to register for VAT in one country for sales across the EU.
- OSS and IOSS schemes enable businesses to charge VAT based on the customer’s location and pay VAT to a single tax authority.
- By March 2028, new IOSS fraud-prevention rules will require detailed supplier verification and customs tracking.
- From July 2028, businesses moving own goods across EU borders can use OSS instead of registering in each country.
- The expanded OSS scope includes energy supplies, on-board installations, and selected zero-rated/exempt supplies.
- IOSS will require marketplaces and merchants to share detailed records with customs for fraud prevention.
Source: taxually.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.
