In January, I sponsored the local carnival association. They gave me a paper invoice stating “as support, sponsorship and advertising for the carnival association”.
When I try to enter this invoice with 21% vAT (as far as I acknowledge, advertising is a consideration and therefore subject to 21%), I get the notification “This document was not received on Peppol, so you cannot recover vAT”.
Is this sponsorship subject to 21% VAT? The invoice only states the deposit amount.
How do I enter this in my accounts?
Thanks in advance!