VAT Act amendment Bill

A bill to amend the VAT Act (CAP 406) has been published – view here.

The changes proposed to the VAT Act, implement the changes to the VAT Directive (Dir 2006/112EC) introduced by Directive 2020/285  as regards the special scheme for small enterprises (See MIT News 20 February 2020).

With effect from 1 January 2025, the rules in the VAT Act for ‘small undertakings’ (those regulated by the Sixth Schedule and Article 11 of the Act) will be revised. View the proposed Bill of changes here.