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I have received an invoice from Vlam (Flemish Centre for Agricultural and Fisheries Marketing). This invoice only states the final amount I have to pay, but does not specify whether this includes VAT. How should I enter this in my accounts?
I have received an invoice from Vlam (Flemish Centre for Agricultural and Fisheries Marketing). This invoice only states the final amount I have to pay, but does not specify whether this includes VAT. How should I enter this in my accounts?
Then no VAT will be charged on this cost. It is probably a contribution from the government? In that case, you simply enter the amount stated on the invoice in both excl. VAT and incl. VAT.
We have answered your question in a video: https://vimeo.com/1043402724?share=copy
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.