2021 VAT Reforms: An Update on Urelas' EU orders
As per a regulation instated by the European Union. From July 1, 2021, all goods arriving into EU member states from non-EU countries (including the UK), regardless of their value, will be subject to VAT.
This means that most Urelas orders will also be subject to a VAT that is to be paid by the consumer as our orders are shipped from the UK, US and Hong Kong to majority of Europe.
Import One Stop Shop (IOSS) is a scheme that will be implemented across all countries in the EU from 1 July 2021. Participants of the scheme will be able to collect VAT on behalf of EU customers importing from outside the EU.
At Urelas, we have already applied for an IOSS and are currently awaiting an approval from the applied EU member state.