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.

Read more at:
https://ec.europa.eu/eusurvey/runner/VATSMEs

And:
http://www.tax-news.com/news/EU_Seeks_Feedback_On_VAT_Systems_For_SMEs____73040.html