One year on for the One Stop Shop – the changes and challenges of the new e-commerce VAT scheme

June 28, 2022

In this Audio Blog, Russell Hughes explains how the EU VAT rules EU E-commerce VAT Package have evolved during this first year.

Sovos

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Sovos

This blog was last updated on July 21, 2022

In this episode of the Sovos Expert Series, Cécile Dessy sits down with Russell Hughes, Consulting Services Manager at Sovos, to explain how these new schemes have evolved during this first year.

Listen as she answers the following questions:

Question 1: Were people ready for these changes?

Question 2: What are the main practical problems e-retailers have faced?

Question 3: How did the rules set up in the marketplace affect sellers and has it reduced fraud?

It’s been a year now since the introduction of one of the biggest changes in EU VAT rules for e-commerce retailers. This means, we now have an overview of how the EU E-commerce VAT Package has affected businesses and the most common problems they faced.

If you want more information about EU E-commerce VAT Package, you can download now our OSS e-book: EU E-Commerce VAT Package: New Rules for 2021 or our IOSS e-book: Simplify EU VAT with IOSS

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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