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