Audio Blog: What is the Import One Stop Shop?

September 6, 2021

In this episode of the Sovos Expert Series, Director of Consulting Services Alex Smith, explains what is IOSS for VAT in three minutes.

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This blog was last updated on September 8, 2021

What is the Import One Stop Shop? Find out in three minutes

The Import One Stop Shop (IOSS) is here. Since July 2021, businesses selling imported goods in the EU valued at less than EUR 150 can now use the scheme. Businesses can now collect, declare, and pay VAT to the local tax authorities in one single return. In this episode of the Sovos Expert Series, Alex Smith, Director of Consulting Services, guides you through the essentials of the new scheme and what businesses should be considering. Listen now to learn:

What is IOSS?
How to register
Why you need a registration
How Sovos can help

Webinar – Simplify EU VAT with IOSS, Unlock the EU E-Commerce Market

Need more information? Then don’t miss our latest webinar. Join our expert presenters Alex Smith and Russell Hughes on Wednesday September 22 to learn if IOSS is right for your business. Register now.

How Sovos helps companies navigate the new EU e-Commerce VAT IOSS Package requirements

Implementing the changes required to comply with the EU e-Commerce VAT Package and IOSS scheme into your ERP system could take significant time and resources. Let Sovos help your business to ease the tax burden. We’re here to help you prepare for and understand the right solution for your business.

Sovos’ VAT managed service provides a full IOSS service for your business. In addition to proving an intermediary service, we also handle both the registration and monthly filing requirements.

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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