Postal operators will no longer be exempt from having to send entry summary declarations into the Import Control System before moving goods into or through EU customs territory.
From March 15, 2021, shipments without the correct data will no longer be allowed. This will be regulated through the Import Control System 2 (ICS2).
Additionally, the changes also mean that EU and non-EU sellers will charge VAT at the point of sale for consignments up to EUR 150. To make this possible, the Import One Stop Shop (IOSS) is being introduced to assist with the reporting of VAT charged at the point of sale. This makes the retailer, web shop or marketplace liable for the declaration and payment of VAT to the country of destination. This will replace the previous obligation to register VAT in every country where sellers make sales to consumers within the EU. IOSS is due to come into effect on July 1, 2021.
Find out more about how these regulatory changes will affect e-retailers under Tools and what help Direct Link can provide.
