The One Stop Shop (OSS) and Import One Stop Shop (IOSS) both aim to simplify VAT declaration and payment for B2C sales, but they serve different purposes.
- OSS is designed for merchants selling goods produced in the EU to customers within the EU. The €150 threshold does not apply to OSS.
- IOSS, on the other hand, is specifically for goods imported into the EU with a value not exceeding €150, allowing VAT to be collected at the point of sale rather than at import.
Depending on your location and where your goods are supplied, you may need to use either an IOSS or OSS registration number.