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Hello,
Although a number of questions have already been asked about the SME portfolio, I (as a non-VAT payer) cannot find in the answer how this ‘taxable subsidy’ should be recorded as income.
The answers focus on how the (recognised) training, which is paid for partly by the SME (own contribution) and partly by the SME portfolio (taxable subsidy), should be recorded as costs. It seems logical to me that this should be done by first recording the full amounts from the training invoice as an expense and then offsetting the subsidised amounts (SME portfolio) by means of a credit note, so that the actual cost corresponds to the own contribution.
However, in my opinion, this means that the ‘taxable subsidy’ is not included on the income side and is therefore not visible in the turnover.
Can anyone confirm this, and if so, explain how the SME portfolio should also be recorded on the income side in Dexxter?