VAT Directive – COUNCIL IMPLEMENTING DECISION (EU) 2018/279

On 20 February 2018 the Council of the European Union has decided to authorise Malta by way of a derogation to Article 287 of the EU VAT Directive (2006/112) to increase to Eur20000 in the annual turnover threshold exempting persons whose economic activity consists mainly in the supply of services with a high element of value added.  This derogation is applicable from 01 January 2018 and will remain in force until the earlier of 31 December 2020 or the enforcement of a directive amending articles 281 to 294 of the same EU VAT Directive.