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Overview of the VAT accounting schemes

In order to simplify cross-border VAT accounting, VAT accounting schemes have been introduced across the EU which UK businesses are able to use in certain circumstances.

These schemes aim to simplify VAT accounting within the EU and aid VAT compliance related to online sales to consumers. The schemes remove the requirement for businesses to VAT register in a number of jurisdictions where it otherwise might be necessary to do so. The schemes are the One Stop Shop (OSS) (which is made up of the Union OSS and Non-Union OSS) and the Import One Stop Shop (IOSS).

The schemes are not mandatory, and businesses can choose to manage their VAT accounting