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.
Dear Sir/Madam,
When creating an invoice, how can I indicate that this invoice falls under the co-contractor system and that the VAT has therefore been reversed?
Because currently, when I look at the vAT grid view, these are not placed in grid 45.
Thank you in advance.
Hello,
Thank you for your question! We have 'hidden' the co-contractor system a little because very few people use it. Presumably, you have simply created a sales invoice with 0% VAT? But that is not the same as vAT co-contractor.
You can enable vAT co-contractor via the settings in the left side menu. Click on 'General', scroll down a little and you can tick the box next to 'vAT co-contractor'. Make sure you click on 'Update' afterwards. You can then select the vAT co-contractor option in the flow of sales invoices and everything will work good in the background. Hello, I just came across this question. I regularly work for business customers for whom I have created invoices with 0% vAT in the past and mentioned in the notes "vAT reversed according to the co-contractor system in accordance with Article 20 of Royal Decree No. 1." I was not aware of this option from Dexxter. What is the difference if I enable it? Did I do it wrong in the past and do I have to re-enter all these invoices?
Thanks in advance!
Hello,
You will indeed have to re-enter those sales invoices! Because if you choose 0%, you are actually selling something that should be charged at 0% vAT. For example, a newspaper is a product that should be charged at 0% vAT.
Co-contractor is not quite the same thing. In that case, VAT is actually charged on the product, but you simply pass on all the VAT formalities from your customer. And that makes a difference to the vAT grids. If you choose 0% VAT, it will appear in the vAT grid with 0% VAT. If you select vAT co-contractor, it will appear in a separate vAT grid on the vAT declaration. Based on your question, we are adding an extra safety net. In the future, we will give a small notification when someone selects 0% vAT on the sales invoice, stating that this is not the same as vAT co-contractor.
Thank you for your question!
Thank you for the explanation! It's going to be quite a job to re-enter those invoices What's more, the numbering of the invoices will no longer be correct... What is the best way to handle this? Is it correct that I do not need to take any action towards my customers? I assume that by charging 0% vAT and adding the correct note at the bottom, this is okay? Thank you!
Send us an email at [email protected] and we will help you to easily correct this. Fortunately, there is a quick fix :)
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
