Figurae Expertise
Sep 191 min read
You Are Currently Under the Simplified VAT Scheme
The simplified VAT scheme (2 instalments in July and December, then a balancing payment in May of the following year) is changing on 01/01/2027. Change in the frequency of VAT returns: Quarterly, if your turnover does not exceed €1M in (N-1) and €1.1M in (N) Monthly if your turnover exceeds these thresholds. For mixed activities (sale of goods + supply of services, often found in businesses that sell machinery and also provide after-sales service), the turnover to consider sh
