Brussels: New figures from Member States show that more than £33 billion in VAT revenues were collected in 2024 via the EU’s e-commerce VAT systems, a clear sign that the 2021 reforms are delivering on their promise to simplify compliance, support businesses, and ensure fairer taxation.
According to Emirates News Agency, the One Stop Shop (OSS) and Import One Stop Shop (IOSS) systems allow businesses to declare and remit VAT for cross-border sales of goods and services within the EU, as well as for imports of low-value goods, through a single registration in one Member State. The figures confirm that businesses continue to make full use of these systems, which reduce administrative burdens and compliance costs, ensuring effective VAT collection.
In 2024, over £24 billion was declared via the Union OSS, £2.8 billion via the non-Union OSS, and £6.3 billion through the Import OSS, marking a 26% increase compared to 2023. Since the introduction of the reforms in mid-2021, nearly £88 billion in VAT has been coll
ected under the OSS and IOSS schemes.
Additionally, the number of registered traders has been rising steadily. By the end of 2024, over 170,000 businesses had enrolled in the OSS and IOSS frameworks, with more than 20,000 new registrations in the Union OSS alone over the past year.
