Explanatory notes
The Explanatory Notes provide guidance and practical examples on the functioning of the SME scheme applicable as from 1 January 2025. In particular, the Notes provide detailed information on the functioning of the domestic and cross-border SME schemes, on the right of deduction, on the interaction of the scheme with the standard VAT regime and on the interaction of the scheme with the One-Stop-Shop Union scheme. The Explanatory Notes are not legally binding and only reflect the views of the Commission’s Directorate-General for Taxation and Customs Union.
- 24 OCTOBER 2024
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Guidelines of the VAT Committee on the SME scheme
The Guidelines issued by the VAT Committee provide a view of the VAT advisory committee on the new SME scheme and its implementation. The guidelines do not constitute an official interpretation of EU law and do not necessarily have the agreement of the European Commission. They do not bind the European Commission or the Member States who are free not to follow them.
Guide to the SME scheme
The Guide to the SME scheme is a quick reference guide that sets out the key elements of how the SME scheme will work from 1 January 2025. The Guide is addressed to small enterprises interested in the application of the SME scheme. The approach followed in the Guide is based on questions and answers to explain the functioning of the SME scheme from a practical point of view. There are six main sections in the Guide:
- General information on the SME scheme
- Conditions to be met in order to apply the domestic and cross-border SME scheme
- The registration process
- The formal obligations under the SME scheme
- Cessation and exclusion form the SME scheme
- Deduction of input VAT under the SME scheme
- 25 OCTOBER 2024