- Irish Revenue has updated VAT registration guidelines, introducing a new EU VAT SME scheme effective from 2025. Key changes include a clarified application process requiring complete information, updated turnover reporting and registration thresholds, and the introduction of a simplified VAT registration process for SMEs with EU-wide turnover below €100,000. Businesses must provide accurate turnover figures, and voluntary registration is available for those below mandatory thresholds. The scheme aims to simplify VAT compliance for SMEs operating across the EU.
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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