Value Added Tax Act 1994 section Schedule 9ZE paragraph 14

Availability of records: persons registered under the IOSS scheme

Section Schedule 9ZE paragraph 14 sets out the record-keeping obligations for persons registered under the Import One-Stop Shop (IOSS) scheme, including what records must be kept and how they must be made available to HMRC.

• Persons registered under the IOSS scheme must keep obligatory records of their transactions covered by the scheme and make them available to HMRC on request.
• These records must be provided by electronic means — paper records are not sufficient.
• Obligatory records must contain the specific information set out in Article 63c(2) of the Implementing Regulation.
• The requirement applies to all transactions entered into by the registered person that fall within the scope of the IOSS scheme.