The Import One Stop Shop (I-OSS) Scheme
From 1st July 2021, the concept of distance sales will extend to cover B2C sale of goods transported from outside the EU by EU or non-EU suppliers.
At the moment an exemption applies in respect of imports with a consignment value not exceeding Euro 22. This small value consignment VAT exemption will cease to exist and instead an import scheme will come into effect covering distance sales of goods imported from third countries up to a value of EUR 150.
In the cases of goods not exceeding Euro 150, there will be a VAT exemption upon importation and the seller will charge the VAT at the point of sale to EU customers and declare and pay that VAT through the I-OSS to the Member State of Identification.
Where the import OSS cannot be used, another simplification mechanism will be available. Import VAT can be collected from customers by the customs declarant including the postal operator, courier firm, customs agents. These will pay it to the customs authorities monthly.
The I-OSS is less beneficial than the OSS Scheme referred to above because it only applies to imports not exceeding a consignment value of Euro 150 and requires monthly reporting.