Community

Are advance payments and vAT transfers the same thing?

JV
2024-10-06

Question

Hey everyone

As a self-employed person in secondary occupation, I made an advance payment. Now, at the end of quarter 3, I have to pay the vAT. Is the advance payment sufficient or are these two separate payments?

In other words, I have paid just over 800 euros as an advance payment. Do I also have to pay the 450 euros that I have to pay in vAT, or is the advance payment sufficient?

Kind regards,

Joris

Hello Joris,

The advance payment is for your personal income tax and the VAT payment is for VAT administration. The two are unrelated. So you will still have to pay the VAT.

Ask a question
Ask your question to the Dexxter community with over 27.000 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

Meta advertising invoice

Mixed use invoice

VAT rate for air conditioning (VAT exemption)

Invoice from an inspection body

Entering daily receipts

invoice layout

Invoice for different customers

Parking receipt

VAT exemption to subject to VAT

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