Do I qualify for IOSS?

Understanding IOSS Eligibility

The Import One-Stop Shop (IOSS) scheme has transformed VAT obligations for businesses selling goods to EU consumers. But who exactly qualifies for this scheme? Let's delve into the eligibility criteria.

Selling Goods to EU Consumers

The first criterion for IOSS eligibility is selling goods to consumers in the European Union. Businesses outside the EU that sell goods to EU consumers can benefit from the IOSS scheme, as can EU-based businesses that import goods from outside the EU to sell to EU consumers.

Consignment Value Below €150

The IOSS scheme applies only to consignments with a value below €150. If the value of the goods in a single consignment exceeds €150, the IOSS scheme can't be used, and import VAT and customs duty may apply.

VAT Registration and Monthly Returns

To use the IOSS, you need to register and receive an IOSS identification number. This number is required for all packages under €150 sent to the EU. Additionally, IOSS returns need to be filed on a monthly basis, detailing the total VAT collected from all your sales to EU consumers during that month.

MyIOSS: Your Partner in IOSS Compliance

Navigating the IOSS eligibility criteria and managing VAT obligations can be challenging, but MyIOSS is here to help. We offer a simple, affordable service that supports you through IOSS registration, VAT calculation at checkout, and the filing of monthly IOSS returns. We're committed to making VAT management straightforward and efficient, so you can focus on what matters most: your business. Find out more about how MyIOSS can support your business today.

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