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vAT exemption

SR
2024-11-15

Question

The services I provided in December will appear on my January 2025 invoice. Is it correct that this turnover will only be counted in 2025? Invoice date. My first invoice from 2024 also covered services provided in December 2023.

I am almost to my turnover of 25,000 for retaining the VAT exemption.
It might also be interesting to switch to the vAT scheme from 2025 onwards. And can this be viewed quarterly?

Hello, income is recorded on the invoice date. This means that you can indeed record it in 2025. However, it also means that if you change your status on 1 January, you will have to charge vAT on it. -Pieter

Thank you, Pieter, that is clear.

Is it possible to wait until the year 2025? Or view it quarterly?

We have answered your question in a video: https://vimeo.com/1031874617?share=copy

Oh, very good! Thank you.

Have you switched to quarterly vAT returns or are you still vAT exempt? Do you think vAT exemption is a good arrangement? It has probably made your accounting easier. Thanks for the interesting videos, Giel:

https://youtu.be/YN8-SsQyJrE?feature=shared

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

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