Eurora™ solves the EU VAT eCommerce package puzzle. Being one of the only service providers addressing the challenge holistically with a scientific and comprehensive approach.
We deliver critical services to logistics providers, postal operators and ecommerce sellers. Including HS Code Allocation, Duty & Tax Calculation, Electronic Declaration, Fiscal Representation, Denied Party Screening and Prohibited & Restricted Item Screening.
Want to discuss with our industry experts or get a demo of our services? Please get in touch and we’ll reply to you shortly!
The logistics and postal sectors are governed by a variety of rules and regulations that are always changing. With Eurora™, you can be sure that you and your company are always the first to know about new regulations and that you are always ready for them.
EU Import One Stop Shop (IOSS)
Modernising of VAT for cross-border eCommerce via the Import One Stop Shop (IOSS) making the retailer, web shop or marketplace liable for the declaration and payment of VAT to the country of destination. This will replace the obligation to VAT register in every country where sellers are making sales to EU consumers. Due to come into effect on 1 July 2021.
EU One Stop Shop (OSS)
If you sell your imported goods to EU customers, you can apply for OSS (One Stop Shop) scheme. Using OSS, you can register in one EU member state and declare and pay VAT in the Member State of registration. That allows you to avoid registration in each Member State where you sell your goods to customers.
Postal operators will no longer be exempt from having to make entry summary declarations into the Import Control System before moving goods into or through EU customs territory. As of 15 March 2021, under ICS2, shipments without the right data will no longer be allowed with the likelihood of severe delays in customs and increased costs.
EU Low Value Item Exemption
Abolition of exemption of VAT on low value items under EUR 22.-. The changes mean that all orders will be subject to VAT and EU and non-EU sellers must charge VAT at the point of sale. The Import One Stop Shop (IOSS) is being introduced to assist with the reporting of VAT charged at the point of sale. Due to be introduced on 1 July 2021.
UK Import VAT Changes
New regulations will make an overseas seller who sends parcels containing goods valued at £135 or less to the UK responsible for paying any import VAT that is due. Low value consignment relief (LVCR) on commercial imports valued at £15 or less will also be removed. Implementation 1 January 2021.
US Stop Act
The Act requires full advance electronic data entry on all mail parcels entering the US. Minimum customs data requirements Include HS 6 code, accurate product description, value and sender/receiver details. Full Implementation by 1 January 2021. Failure to comply will lead to penalties and severe customs delays.
Regulatory Environment News
Read the latest news and regulatory updates impacting logistics providers, postal operators and ecommerce sellers.
Modernising VAT for Cross Border eCommerce
The VAT e-commerce package will facilitate cross-border trade, combat VAT fraud and ensure fair competition for EU businesses.
Are You Ready for ICS2?
The EU’s new advance cargo information system ICS2 supports implementation of new customs safety and security regulatory regime aimed to better protect single market and EU citizens.
VAT for eCommerce
Cross-border VAT e-commerce is being modernised in the EU. The new rules will come into force on 1 July 2021, but preparation can start right here, right now.
Explanatory Notes on VAT eCommerce Rules
All You Need to Know:
One-Stop Shop (OSS)
The Union One-Stop Shop (OSS) is the electronic portal businesses can use to comply with their VAT obligations on e-commerce sales within the EU to consumers from 1 July 2021.
All You Need to Know:
Import-One-Stop Shop (IOSS)
The Import One-Stop Shop (IOSS) is the electronic portal businesses can use from 1 July 2021 to comply with their VAT e-commerce obligations on distance sales of imported goods.