In line with the announcement made during the Budget Speech for 2021, legal notice 463 of 2020 was published to amend the ‘small undertaking’ thresholds in Article 11 of the VAT Act.  Once the legal notice becomes effective, the period to change from Article 10 registration to Article 11 registration will be reduced to 24 months (previously 36 months) with the possibility to request a change after 6 months.   Furthermore, the sixth schedule will be amended with one of the categories defining the exit and entry threshold being removed.  The entry threshold for economic activities consisting principally in the supply of services with a relatively low value added has been removed.  Entry threshold for other economic activities has been amended to €30,000 and the exit threshold to €24,000.