Dear Sir/Madam,
What about VAT on purchase invoices if you are not subject to VAT yourself because your turnover is less than €25,000? You cannot invoice VAT yourself, so how do you recover this difference?
Thanks in advance,
Rudi Jetten
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,
What about VAT on purchase invoices if you are not subject to VAT yourself because your turnover is less than €25,000? You cannot invoice VAT yourself, so how do you recover this difference?
Thanks in advance,
Rudi Jetten
Hi,
You cannot recover that difference. Since you are exempted from VAT, you are not actually participating in the whole VAT system. You uncheck the box in step two 'include in vAT declaration' and in step three, when filling in your amounts, you enter the same amount (the total amount) for VAT incl. and excl. The full amount will then be included in your expenses. Best regards, Adrie
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.