The Import One Stop Shop (IOSS) is an EU system designed to simplify the collection, declaration and payment of VAT on low-value ecommerce imports (goods valued under €150).
With IOSS, the seller collects VAT from the customer at the point of sale, instead of the customer paying VAT upon importation. This process speeds up customs clearance and delivery times, while simplifying the overall customs process.
While registration for IOSS is optional, businesses that opt out must still collect VAT upon importation for goods valued under €150.
Once registered for IOSS, you’ll be able to:
- Collect, declare and pay VAT on sales to EU customers
- Submit monthly IOSS VAT returns, detailing the VAT due, to a VAT intermediary
If you’re a business in Northern Ireland, you must also register for IOSS to account for VAT on sales into the EU.
To start the registration process, please consult your tax advisor to determine if registration is required for your business.
You can inform us of your IOSS number by updating your company details in your Prodigi account. These details will then automatically be used for all applicable orders.