The End of the VAT exemption for goods up to €22 – No Transitional Period
22 June 2021
As from 1st July 2021, the European Union will introduce new VAT e-commerce rules to...
The wedding sector has been hit very hard by Covid. The industry and the couples getting married have been living through a wave of great uncertainty with continuous postponements and cancellations of weddings since the start of the pandemic.
This sector has been recently closed once again exactly when the 2021 wedding season was due to start, in line with the heightened Covid restrictions. This meant that all weddings booked for March, April and May – three of the most important months during which this sector to work in – could not be held.
This served a devastating blow to the sector, which was already in an extremely vulnerable state, following the impact Covid had on their 2020. Apart from mass disruption, this sector had to invest further to comply with the restrictions and stay constantly updated and stocked for when weddings restart. The SME Chamber is currently in active discussions with the authorities to mitigate the impact of the great damage this sector has suffered.
It should be noted that a wedding is not like any gathering. Apart from the fact of having many strict guidelines to adhere to, weddings are very important for the healthy functioning of our society. They represent among the most important of days for the couples and their close relatives and friends. Weddings are important milestones for our families and within our society.
Looking forward, what is known so far in the public domain is that there is a potential that weddings might be allowed to take place as of 1st of June. This uncertainty has once again landed weddings into chaos, not having any parameters to base upon from 1st of June onwards.
The wedding sector needs to know which factors will determine whether or not weddings will be able to take place.
During the period weddings were allowed to take place last year, covid cases fluctuated and there was no vaccine in sight yet. The experience the health authorities have gained during 2020 should enable them to set out a clear plan of what will be acceptable and not under the Covid circumstances known to all.
By the 1st of June Malta will be even closer in reaching herd immunity and therefore this should give greater reassurance to the health authorities that the situation can be planned for and managed.
The health authorities are being asked clearly to disclose what is the determining factor on which they will base their green light or otherwise on.
With just over a month away from the 1st of June, with so much planning that goes into a wedding, wedding suppliers and their couples cannot be left in this precarious situation.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).