- New Tax and Duty Manual for EU VAT SME Scheme effective from 1 January 2025
- Based on European Union Value Added Tax Regulations 2025
- Implements Council Directive 2006/112/EC as amended by Council Directive EU 2020/285
- Allows small enterprises to sell goods and services without charging VAT to EU customers
- Alleviates VAT compliance obligations for SMEs
- SMEs using the scheme cannot deduct VAT on exempt supplies
- Irish businesses must not exceed the Union Annual Threshold of 100,000 euros to be eligible in another Member State
Source: revenue.ie
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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