First results of the new VAT rules in the EU

After 6 months after the implementation of these new rules, European Commission (EC) issued a statement regarding the first result. Preliminary results showed that the EU Member States collected €1.9 billion in VAT revenues between July and December 2021. It is necessary to have in mind that these figures relate only to one facet of the new rules, that is only to those related to imported online shopping parcels valued at less than €150.
Furthermore, EC reported that around 8.000 traders, including sellers and deemed suppliers marketplaces, have registered to Import One-Stop-Shop (IOSS) scheme through which they can take care of VAT on all their online sales into the EU. In total, EU customs handled around 500 million items covered by the new simplified dataset in the six months from July 2021, with 94% of them supplied by IOSS registered traders.