HMRC has published guidance on how traders registered under the Import One Stop Shop scheme can settle VAT liabilities arising from their IOSS returns. The information covers the available payment methods and typical processing timeframes for payments to reach HMRC’s accounts. This applies to non-UK businesses selling goods to customers in the EU and Northern Ireland who use the simplified IOSS registration process for VAT compliance.
Source: HMRC (GOV.UK) – Read the original