Solution Properties
Solution ID:
210520072901063
Last Modified Date:
Wed Mar 23 14:31:55 UTC 2022
Taxonomy Path:
Case category//How do I...//setting up
Author:
[email protected]
How do OSS/IOSS transactions affect my VAT Return? - UK
Description

When you post a transaction with an OSS/IOSS tax code, how it affects your VAT Return depends on two factors:

Cause
Resolution
[BCB:42:CSat FB drive:ECB]

Standard VAT and Vat Cash Accounting

The table below gives details of how your VAT Return is affected when using either Standard or Cash Accounting VAT schemes:

Report type Effect on VAT Return
Goods Services
Union OSS NET: Boxes 6 and 8 NET: Box 6
Non-union OSS No impact NET: Box 6
IOSS NET: Box 6 No impact

Flat Rate VAT schemes

The table below gives details of how your VAT Return is affected when using a Flat Rate VAT scheme:

Report type Effect on VAT Return
Goods Services
Union OSS No impact No impact
Non-union OSS No impact No impact
IOSS NET: Box 6 No impact
[BCB:19:UK - Sales message :ECB]
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