4. VAT / Sales Tax & IOSS
The Import One-Stop Shop (IOSS) scheme, operational since July 2021, streamlines cross-border sales by allowing sellers to report and pay EU VAT through a single registration. This applies to B2C shipments into the EU under €150. Sellers must register in one EU member state and display their IOSS number on all EU-bound packages. For UK imports, the agent or business importing goods is usually responsible for VAT; agents acting as principals can recover input VAT. Both the UK and EU offer deferred VAT and reduced rate options for eligible goods.
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Key Differences: GPSD vs GPSR
Feature | GPSD | GPSRÂ |
Product Scope | More limited | Broad, including sustainability |
Market Surveillance | Variable by country | Consistent, harmonised across EU |
Accountability | Less stringent | Digital product passports, stricter traceability |
Penalties | Varying standards | Standardised, stricter for non-compliance |
Product Recalls | Less formalised | Structured recall and reporting frameworks |
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