The process describes the submission and processing of the Prior Notification or of an update to that Prior Notification.
The update of the Prior Notification also covers the taxable person's request:
1. To avail of exemption in other MS(s) of exemption as indicated before;
2. To cease the activities in one or more MS(s) of exemption. This may lead to exclusion of the taxable person from the special scheme if he will not be eligible to benefit from the exemption at least in one MS of exemption.
As regards the taxable person's exclusion from the special scheme or cessation from a MS of exemption, the process covers the following activities:
* Exclusion of taxable person from the special scheme - exceeding the Union annual threshold in the current year;
* Exclusion of taxable person from the special scheme - exceeding the Union annual threshold in the previous year (if discovered afterwards);
* Exceeding the annual threshold of the MS of the exemption in the current year:
1. Threshold exceeded and no transitional period applicable;
2. Threshold exceeded, transitional period applicable, ceiling applicable but ceiling of 10% or 25% exceeded;
3. Threshold exceeded, transitional period applicable, no ceiling applicable or ceiling of 25% not exceeded but turnover in MSEXE exceeds EUR 100.000.
* Falling within the Article 288a (1) in MS of exemption, if discovered afterwards (threshold exceeded in the previous year or in the year prior to the previous year, if applicable);
* The taxable person non-fulfilling anymore the criteria set by MS of exemption for the sectoral threshold;
* The supply of the taxable person now falling within the supplies excluded from the special scheme in that MS of exemption;
* MS of exemption changes its legislation (change in threshold or in criteria for sectoral threshold or transaction excluded from the threshold) and as a result the taxable person is not eligible anymore;
* The taxable person has informed of its decision to cease to apply the exemption in a certain MS of exemption.
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vat4sme:specification_id | MCC.2902820 |