On 1 July 2021, the European Union have introduced a new optional VAT scheme called One Stop Shop. This is for sales to EU consumers (which is customers in the EU who are not VAT registered). The benefit of the One Stop Shop allows you to have a single return instead of registering and paying VAT in each country individually. One Stop Shop sales will be subject to destination VAT, which is the VAT rate of the country that you are selling to.
|This is general guidance for all of our users. Regarding any specific advice on what you should do or how something should be treated, you need to speak to your accountant or Revenue.
Key Information can be found at:
How to record One Stop Shop sales in Surf Accounts?
Step 1: Create New VAT Rate (EU VAT Rate for One Stop Shop)
- Go to Settings > VAT > VAT Rates > Add.
- Enter information of the country where there will be destination VAT added i.e. Italy Standard
- Enter the vat rate percentage i.e., 22%.
- Tick box for Enable OSS.
- Select country.
These need to be created for each country that you are selling to.
|Refer to VAT Settings for more details.|
Step 2: Create Invoice with correct VAT Rate
- Go to Sales > Sales Invoices > New.
- When entering details, ensure the VAT Rate enabled for One Stop shop is selected.
|Depending on how you sell to consumers in EU, you may not raise an invoice and you can alternatively raise a receipt to record the sale.|
Step 3: Reporting
The above steps will enable you to flag One Stop Shop transactions and be able to report on them. The OSS Sales VAT Report helps users to view the OSS Sales summary and details at different OSS VAT Rates to different countries.
|Refer to OSS Sales VAT Report for more details.|