- A provision in the 2025 Finance Act will abolish the simplified VAT tax regime starting January 1, 2027.
- Companies currently using the simplified regime, which allows for half-yearly VAT declarations and payments, will switch to the normal real regime, requiring monthly or quarterly declarations.
- This change will necessitate adaptations in accounting and invoicing systems and more precise cash flow management due to increased declaration frequency and the loss of half-yearly payment flexibility.
Source
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