Ireland Issues EU VAT SME Scheme Guidance for Small Businesses

• Ireland’s Revenue office issued guidance on the new EU VAT SME Scheme that became effective January 1, 2025
• The scheme allows small businesses earning under 100,000 euros annually to sell goods and services without charging VAT
• Eligible businesses can serve EU customers without VAT requirements under this program
• The guidance covers both domestic operations and cross-border transactions within the EU
• This represents a significant simplification for qualifying small and medium enterprises across European markets

Source: fiscal-requirements.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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