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M23 Post Number Job Title One-Stop Shop Advisor Department Finance Prepared by and date Employee Specification Form FN/12/006 OSS Managers June 2005 Important Study Explanatory Notes? Printed overleaf
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What is one stop shop advisor?
One stop shop advisor refers to a mechanism introduced by the European Union (EU) for value-added tax (VAT) registration and reporting. It allows businesses operating across EU countries to fulfill their VAT obligations through a single VAT return, filed in the Member State of Identification (MSI)
Who is required to file one stop shop advisor?
Businesses that supply goods or services to customers in multiple EU countries and meet the threshold requirements for VAT registration are required to file one stop shop advisor.
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To fill out one stop shop advisor, businesses need to provide details of their supplies made to customers in each EU Member State, along with relevant VAT information. This can be done electronically through the online portal of the Member State of Identification (MSI).
What is the purpose of one stop shop advisor?
The purpose of one stop shop advisor is to simplify VAT compliance for businesses operating across EU countries. It allows them to fulfill their VAT obligations centrally, through a single VAT return, rather than registering and filing separate returns in each Member State.
What information must be reported on one stop shop advisor?
On one stop shop advisor, businesses must report details of their supplies made to customers in each EU Member State, along with VAT-related information such as the taxable amount, VAT rate, and VAT liability.
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