- From 1 April 2026, businesses outside the EU and Northern Ireland must use an intermediary to register for the VAT Import One Stop Shop (IOSS) scheme.
- The VAT IOSS scheme simplifies VAT for low-value goods (consignment value of £135 or less) sold from outside the EU and Northern Ireland to consumers in the EU or Northern Ireland.
- The scheme excludes excise goods (e.g., alcohol, tobacco) and requires online marketplaces to handle VAT if they facilitate the sale.
- Registration is voluntary; businesses in Northern Ireland or Norway can register directly, while others must use an intermediary.
- Intermediaries must be UK VAT registered with a Northern Ireland address, are jointly liable for VAT debts, and can only have one registration at a time.
Source: icaew.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.
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