When a seller sells to more than one EU member states then the OSS schemes can be very beneficial. More specifically a seller can benefit from:
- All sales in the EU being reported with one VAT registration only
- Reduced administrative costs and improved cash flow
- Improved customer experience with transparent pricing at checkout so that your clients are not surprised with additional costs on receipt of the products.
- More efficient delivery time with expedited IOSS customs process
- Declaring and paying due VAT in a single VAT return