United Kingdom Explains VAT for Distance Sales From Northern Ireland to EU Operating Below Threshold

The United Kingdom HM Revenue and Customs Nov. 1 explained the VAT obligations for businesses selling goods from Northern Ireland to the EU that operate below the annual distance selling threshold of 8,818 British pounds (US$12,025). Businesses with turnover below the U.K. VAT registration threshold are required to: 1) register for U.K. VAT before registering under the one-stop-shop (OSS) regime; and 2) select a specific category of business activity while registering for VAT. Businesses only registering for VAT in the U.K. in order to use the OSS regime aren’t required to account for VAT on domestic sales until becoming liable ...