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Businesses that sell goods from Northern Ireland to consumers in the EU and go above the distance selling threshold (£8 818 or €10 000) will need to pay VAT on these sales in the country the goods are sent to. This could result in businesses having to register for VAT in up to 27 EU countries.
New guidance from HMRC explains that businesses can instead use the one stop shop (OSS) union scheme to manage the VAT on their distance sales of goods from Northern Ireland to the EU all in one place.
To apply to use the scheme businesses must:
- sell goods from Northern Ireland to consumers in the EU under the terms of the Northern Ireland Protocol;
- be registered for UK VAT; and
- sell goods worth more than £8 818 (10 000 euros) a year to consumers in the EU.
The guidance confirms that businesses that register for UK...
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