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European Commission · about 2 months ago
The SME scheme allows small enterprises to sell goods and services without charging VAT to their customers and alleviates their VAT compliance obligations. The scheme is optional and applicable to small enterprises with a total annual turnover of no more than EUR 100,000 in all Member States.
Cloudco Group · about 2 months ago
From 1 January 2025, the UK's long-standing VAT exemption for private education was removed. Private schools must now charge 20% VAT on their fees, significantly impacting the independent education sector.
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