IOSS scheme: removing the EUR 150 threshold

IOSS scheme: the EUR 150 threshold The proposed reform of the customs framework aims to eliminate the threshold of EUR 150 which currently limits the application of the IOSS to distance sales of imported goods of an amount not exceeding EUR 150.  That proposal introduces the concept of a ‘deemed importer', who is any person involved in distance sales of goods to be imported from third territories or third countries and who is authorised to use the IOSS. Such persons will incur a customs debt when the payment for the distance sale is accepted and will be able to apply a ‘simplified tariff treatment for distance sales' when determining the appropriate customs value. Under the simplified tariff treatment, the deemed importer can apply one of the ‘bucket' tariffs to the customs value. The deemed importer will therefore have all the information required, including the duties due by reason of impo...