Yeah, sure. So we have a few new simplification measures coming in place, um, So there is the Union arse, it's the one stop shop, the Nonunion arse, and the import one stop shop, which we call it IOS. Um and these three are all going to be covering different types of services or goods, um and how they are sold across the EU, so the non union bosses specifically for um services supplied by non EU businesses. So, um, for the most part, amazon sellers, it won't really, you won't really need non union boss. Maybe if you're selling on your own website, uh digital downloads, etcetera, um that might apply to you, so make sure if you are selling that you're getting registered on the non union scheme, then we have the union scheme. Um The union off scheme is therefore, if you're holding stock in an Eu country selling cross border um in the Eu um to private individuals. So, any cross border sales will be covered under the Union boss scheme. Um And it's really an extension from the many one stop Shop scheme um which was implemented back in 2015 for digital services. And they're now just including and expanding um this scheme to uh to cover physical goods. And um what it does essentially is you are filing a quarterly V. A. T returns and all of your cross border digital sales or sorry, your physical sales are going to be um covered on this quarterly V. A. T. Returns under one EU country. So essentially, instead of having to V A. T register in multiple EU countries, it's simplifying that and you're just um you're just filing one quarterly vat return to cover these distant sales of physical goods to private individuals. Then we have the import one stop shop scheme. And this is going to be a huge simplification and hopefully will help a lot of businesses um you know post Brexit because we've seen a lot of trouble getting goods imported into the EU um post transition period. So the import one stop shop scheme is for low value consignments of less than 100 and в‚¬50. And these low value consignments will essentially be charged V. A. T. At the point of sale where the customer is located and then um will be cleared through customs. Really quickly be using your IOS number on the import documents. Um There will be no import V. A. T. Do. And what you'll do under the I. O. Scheme is remove all of the V. A. T. Collected under a single monthly um IOS return to one member state of identification. So um if you're an EU business, you will want to be registering for IOS in your home country. And if you're a non EU business you're going to have to use an EU based intermediary to report these um sales and pay the V. A. T. Um for you. So keep that in mind if you want to use the IOS scheme. Um So yeah, lots of simplifications coming into play, but hopefully it's going to be there to help businesses trade cross border a lot easier.
🙋 ➝ Get help managing Amazon Advertising
📝 ➝ Subscribe to our newsletters