# Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, Article 285

Extent: E+W+S+N.I.

Member States which have not exercised the option under Article 14 of Directive 67/228/EEC may exempt taxable persons whose annual turnover is no higher than EUR 5 000 or the equivalent in national currency.
The Member States referred to in the first paragraph may grant graduated tax relief to taxable persons whose annual turnover exceeds the ceiling fixed by them for its application.

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Source: https://www.legislation.gov.uk/eudr/2006/112/article/285 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-112/article-285
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.