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Do large purchases for customers affect your annual turnover? Subject to VAT

LG
2025-01-29

Question

Hey,

If you have to make a purchase of 45,000 euros for a customer and you would charge 5,000 for your wages. Then your income states 50,000, but your actual profit is only 5,000. Does this affect your vAT type? I would like to remain vAT exempt, but i don’t know how to approach/record this larger project so that I can do so. Do you have the answer to this?

Thanks in advance!

We have answered your question in a video: https://vimeo.com/1052264869?share=copy

Thank you! Wow, that's a really clear explanation, thank you so much!

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