Converting to ‘small undertaking’ status for VAT

Pursuant to LN 463 of 2020 the conversion from an ‘Article 10’ registration (standard) to an ‘Article 11’ registration (small undertaking), may now be made after the lapse of a full 24 calendar months, replacing the 36-calendar-month requirement. Furthermore, the revised Sixth Schedule of the VAT Act provides for the possibility to request a conversion of registration after 6 months, which may be permitted at the discretion of the Commissioner for Revenue.