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Glossary / OSS Returns (One-Stop Shop)

What is OSS Returns (One-Stop Shop)?

OSS (One-Stop Shop) Returns simplify VAT declaration and payment on cross-border B2C supplies within the EU.

OSS Returns Explained

OSS Returns enable single EU member state VAT registration despite multi-country consumer sales. Instead of multiple country registrations and filings, businesses declare and pay B2C VAT through single OSS Returns. This particularly benefits distance selling and digital service businesses. Three OSS types exist:

Union OSS: EU-established businesses making distance sales or supplying B2C services within the EU.

Non-Union OSS: Non-EU businesses supplying B2C services to EU consumers.

Import OSS (IOSS): Businesses selling goods from outside the EU to consumers in consignments under €150, enabling point-of-sale VAT charging and EU import exemptions.

Key Aspects of OSS Returns

Eligibility and Registration: Determining applicable schemes and receiving unique OSS identification numbers.

Supply Scope: Understanding covered supplies including distance sales, TBE services, and low-value imports.

Rate Application: Charging customer member state rates despite registered member state filing.

Record-Keeping: 10-year detailed supply records for accurate reporting.

Quarterly Filing: End-of-month payment following reporting periods.

Keeyns: Facilitating Tax Departments with Our Collaborative Platform

Our software manages and centralises VAT data including OSS Returns information, streamlining compliance and reducing errors through team collaboration. Need OSS control and secure VAT document management? Explore our solution at https://keeyns.com/solutions.