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 a secondary occupation that recently became VAT exempt. Now Luminus has issued an invoice in my name (self-billing) for the electricity from the solar panels. It states 21% vAT. How should I best record this? And do I need to file a special vAT declaration for this?
Thanks in advance.
Hey,
Just like you would enter any other invoice/expense. Fill in the amount excl. VAT and fill in the amount incl. VAT.
Kind regards
But this isn't an expense, or should I fill in a negative number?
Ah, sorry, it's a sales invoice made out in your name? Because you mention a special vAT declaration, I think that's only possible for expenses...Um, yes, then i don't know :) To be honest, I'm afraid that means you're not exempted from VAT? Solar panels seem to me to be related to a building? And therefore not exempted from VAT... But I'm not sure and, to be honest, I don't know enough from your specific situation. Maybe you should check with an accountant?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
