VAT Directive: SME exemption consultation

The European Commission is consulting on amendments to the VAT Directive special scheme for small and medium-sized firms.

The scheme allows member states to take steps to reduce the Directive’s administrative burden on smaller firms. For example, goods and services supplied by firms with a turnover below a threshold amount can be exempt from VAT. However, complying with the Directive remains┬ácomplex and expensive for SMEs.

Consultation ends on 20 March 2017.

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