Directive (EU) 2020/285 of 18 February 2020, which is to be mandatorily transposed to each EU Member State (MS) by 31 December 2024, reexamines the Special Scheme for Small Enterprises, mentioned in article 282 and following of the VAT Directive.
The main amendments to the VAT Directive are:
· Widening of the scope of this particular scheme
· Updating of the thresholds of the special scheme
· Exemption will only be granted to non-residents subject to thresholds
· Disown of the exemption when the national threshold is exceeded in a given year
· MS that grant the exemption to non-established small enterprises shall also cease to apply the special scheme when the EU threshold has been exceeded;
· it shall be mandatory to deny the deduction of input VAT
Source Pedro Costa Monteiro
