The European Commission Directorate-General for Taxation and Customs Union has announced a new web portal in relation to the Special VAT regime for small enterprises that takes effect on 1 January 2025.
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New Web Portal: VAT Rules for Small Enterprises
From 1 January 2025, the special VAT regime (the SME scheme) will go live.
The special VAT regime is allowing small enterprises to:
- sell goods and services without charging VAT to their customers (VAT exemption) and,
- alleviate th…