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 complex 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
