Inventory management

For your stock list, you must note the amounts including VAT, because you are exempted from VAT.

As a self-employed person exempted from VAT, you cannot recover the VAT on your purchases, so that VAT becomes part of your purchase price. The vAT charged by your suppliers on textile items, mugs, key rings, etc. is simply an additional cost that you cannot recover.

Practical example:

• You buy mugs for €100 + €21 vAT = €121 total

• In your stock list, you note down €121 per item

• This is your actual cost price

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This applies to all your costs, always including vAT. It also applies to your trade goods that you put into inventory.