HMRC’s guidance explains that intermediaries can register for the Import One‑Stop Shop (IOSS) scheme from 1 April 2026 and must submit a monthly IOSS VAT return on behalf of each client. The return must capture VAT on low‑value imports to EU and Northern Ireland consumers, use ECB exchange rates, and requires nil returns if no sales occur. Intermediaries must also keep 10‑year records and can correct returns within three years.
From 1 April 2026.
All VAT due on eligible imports of low‑value goods to consumers in the EU or Northern Ireland; VAT on sales in Great Britain to NI consumers is reported on the UK VAT return.
Use the exchange rates published by the European Central Bank on the last day of the calendar month (or the next available day if no publication).
HMRC will cancel that client’s IOSS registration.
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