EU VAT changes as regards the special scheme for small enterprises

The special scheme for small enterprises (‘SME scheme’) allows small enterprises to sell goods and services to their customers without charging VAT (VAT exemption) and to get some simplifications regarding their compliance and invoicing obligations. This scheme is optional, so small enterprises can decide to apply it - provided that they fulfil the conditions - or to stick to the standard VAT rules and charge VAT to their customers. These Explanatory Notes are triggered by the modification of the existing rules of application of the

Source: op.europa.eu