Community

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!

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

Start-up capital and contribution of equipment and PPE for a sole proprietor as a secondary occupation

Buying and selling second-hand goods

Has the accountant accepted the invitation?

Work in immovable state

Invoicing to yourself

Mileage allowance

HOW to declare customer list and personal income tax

purchases of nutrition and drink for workshop

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