New guidance for low value sales to Northern Ireland from 1 July 2021
The import one stop shop (IOSS) launches on 1 July 2021. This means that no VAT needs accounting for on low value consignments at the point of arrival in the EU country. But what are the responsibilities if a business makes these low value sales into Northern Ireland?
-
New HMRC guidance on winter fuel payments
HMRC has released new guidance on the recovery of winter fuel payments. What do you need to know?
-
Festive tax breaks for remote workers
You’re familiar with the tax break for Christmas parties but you now have a few remote workers, and the company will need to reimburse their travel and accommodation costs if they attend an event. Which costs count towards the tax-free limit and how can you manage any overspend?
-
New process for some exports starting in Northern Ireland
Starting next month, businesses that import goods via Northern Ireland will need to change their processes. What do you need to know?
The IOSS allows businesses that sell low value (not exceeding £135) goods into the EU to register for VAT in a single EU country and account for all EU sales on a single return. HMRC has now published guidance for businesses that make sales into Northern Ireland, which is still part of the single market and customs union. The guidance confirms that these businesses must inform HMRC of the following details:
- the IOSS registration number
- the name of the EU country they’re registered in
- business name, address and contact details; and
- UK VAT registration number, if applicable.
The guidance contains a link to make the disclosure.
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.