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Set up EU filing authorities and currency thresholds for low value goods transactions

The EU OSS and LVG page applies to the One Stop Shop (OSS) for Business to Consumer (B2C) transactions in the European Union (EU) as well as to currency thresholds for low value goods transactions that occur in Australia, the EU, New Zealand and the United Kingdom.
When adding a company, in the EU OSS page, you can:
  • Set 1 EU member state (referred to as a filing authority) to collect, declare and pay VAT in all EU member states.
  • Set up currency thresholds for low value goods transactions.
note
The Mini One Stop Shop (MOSS) scheme, which was extended to become the OSS scheme, is supported by the
EU One Stop Shop
 page. However, MOSS applies to only Electronic Services transactions and it's valid only from January 1, 2015 through June 30, 2021.

Set up EU filing authorities

Determination supports the following OSS schemes for B2C transactions in the EU:
  • Union OSS
     - Applies to B2C goods and services transactions within the EU. The VAT registration number for Union OSS starts with the country code of the country where the OSS is opted for. Union OSS supports the following transaction types: Goods, Electronic Services and Physical Performance.
  • Non-Union OSS
     - Applies to B2C services transactions provided from non-EU countries. The VAT registration number for Non-Union OSS starts with the EU prefix. Non-Union OSS supports the following transaction types: Default Services, Customer Location Services, Electronic Services and Physical Performance.
    note
    If you set up OSS prior to the 2023.1 release, ensure that Non-Union OSS is also set up going forward. Otherwise, the tax engine can't differentiate between Union OSS and Non-Union OSS transactions.
  • IOSS
     - Applies to B2C goods transactions provided from non-EU countries. The VAT registration number for IOSS starts with an IM prefix. IOSS supports the following transaction type: Low Value Goods.

This article applies to:

  • PRODUCT: ONESOURCE Determination,ONESOURCE Indirect Tax

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