How do OSS/IOSS transactions affect my VAT Return?

Summary

In Sage 50 Accounts, when you post a transaction with a One Stop Shop or Import One Stop Shop (OSS/IOSS) tax code, it may or may not affect your VAT Return depending on the reporting type and whether it's for goods or services.

Description

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

Whether the tax code is set up for OSS/IOSS goods or services.
The reporting type you select when you post the transaction.

Resolution

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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
Report type	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
Report type	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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