EU Web Portal launched on VAT Rules for new SME Scheme
19 December 2024| CATEGORIES: EU businesses, Simplified compliance, SME scheme| TAGS: EU, SME Scheme
From 1 January 2025, the EU’s new special VAT regime for small and medium businesses (the SME scheme) will come into effect. The EU has launched a new portal to assist businesses that want to take advantage of the scheme. The rules for the SME scheme are complex. Small businesses planning to implement the national and/or cross-border aspects should carefully review the EU Commission’s published Guides and Explanatory Notes.