- A new Tax and Duty Manual for the EU VAT SME Scheme Domestic Layer is available on the Revenue website
- The EU VAT SME scheme started in January 2025
- It aims to reduce administrative burden and compliance costs for SMEs and encourage cross-border trade
- Qualifying traders can avail of VAT exemption in their own and participating Member States
- The scheme includes Domestic and Cross-border elements in each participating Member State
- This manual addresses the Domestic element in Ireland
- It provides guidance on using the domestic scheme
- It outlines Ireland’s turnover thresholds for VAT registration
- It includes guidance on calculating turnover for the scheme
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.
