The process describes the overall processing of the Quarterly report, submitted by the taxable person within the special scheme for small enterprises. The process depicts the activities of all involved stakeholders. In case of Union threshold exceedance, the MS of establishment checks if quarterly report has been transmitted within 15 days and if quarterly report contains the turnover made from beginning of the quarter up until the exceedance. If not, the MS of establishment has to notify the MS of exemption within 15 working days of non-compliance of the taxable person. As a result, both MS of establishment and MS of exemption may decide to impose VAT obligations on the SME.
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vat4sme:specification_id | MCC.2905700 |