Enty's Business Glossary:
MOSS
MOSS (Mini One-Stop Shop scheme) is being used to simplify the online sale process of goods for individuals in and outside of the EU. MOSS allows companies to register for VAT in a single European country instead of a bunch of different countries where all of their customers are based. This is a great initiative that allows for reducing business expenses and administrative workflow. Note that since 2021, MOSS has greatly extended into new OSS and IOSS schemes.