HomeFAQsVAT → How can I change my VAT classification to that of an exempt person?

How can I change my VAT classification to that of an exempt person?

 

A person registered under Article 11 can qualify as a small undertaking if the turnover for the relevant period falls below the Exit Threshold. Such a person will not be eigible to be re-classified as an exempt person before the lapse of 12 calendar months from the date of registration.

 Category Exit threshold

 Economic activities consisting principally in the supply of goods. 

 27900
 Economic activities consisting principally of services with a relatively low value added such as an electrician 18600
 Economic activities consisting of services such as an accountant or a lawyer 11600

 

Last Updated on Thu, 14 February 2008
 

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