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?
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
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.