S.L. 406.8 ст. 7Simplification threshold.

Any person who is not exempt from the provisions of regulation 5 but whose trading activities fall below an annual threshold of ninety-three thousand and one hundred and seventy euro (€93,170) for arrivals and, or ninety-three thousand and one hundred and seventy euro (€93,170) for dispatches shall only be requested to supply that information as may be required by notice in the Gazette using a simplified format: Provided that any person whose trading activities exceed the above-mentioned threshold at any time during the calendar year shall be required to provide information as from the month of the year in which the threshold was exceeded:

Provided further that if in the opinion of the Commissioner the quality of the information is being affected adversely through the use of the simplified format, the Commissioner may after consultation with the Director General of the National Statistics Office vary or waive its application in respect of all or certain persons.