The Government intends to double the VAT threshold to €20,000 in a move that will delight countless small traders for whom the task of completing VAT returns is another drag on their time and business efficiency.

The good news gets better as the government also intends that VAT accounting will only start to become obligatory when the taxable person exceeds the €20,000 “in three consecutive calendar years or whenever it is exceeded, in a single year, by more than 25%.”

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