Community

Exemption – closing the quarter

TM
2024-07-21

Question

I have the exemption rule, and I had to submit my accounts to my accountant once a year.

Now I see that I can close a quarter or the whole year.

Do I have to close this quarterly? Or do I just have to click on ‘close financial year’ at the end of the year?

Hello,

Although you do not have to submit quarterly vAT declarations, you do have to submit an iC declaration quarterly. If you have a lot of sales that are subject to an iC declaration, you can still close your quarters so that you have to take extra action and do not forget to submit a new iC declaration.

However, if this does not apply to you, there is no reason to close the periods separately and you can simply close your financial year as usual.

Kind regards,

Your Dexxer Expert


Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Energy costs?

Purchases of iPad

Purchases with Premium/Equipment Insurance – how to process them in your accounts?

Investment start date

Does Mollie transfer the full amount when a customer pays, or are there costs involved?

Entering network event costs

Advance invoices

delete car

purchases of a private person

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter