If you choose the option reverse-charged VAT, you can no longer enter VAT amounts in the VAT fields.
This is because you’ve indicated that your supplier did not charge VAT but instead shifted the VAT obligation to you.
By selecting reverse-charged VAT, Gekko will automatically calculate 21% VAT on top of the total amount you enter. This amount must be reported both as VAT you owe and as "Voorbelasting" (which you can reclaim from the Dutch tax authorities). So in the end, it all evens out.
Reverse-charged VAT is most commonly used when receiving an invoice from a foreign supplier that does not include VAT. You are then required to declare the VAT yourself. In some cases, you may also receive reverse-charged invoices from domestic suppliers. However, they will always clearly indicate this on the invoice and often inform you in advance.
When using the VAT report in Gekko, the reverse-charged VAT will automatically appear in the sections below:
- Domestic: 2a.
- EU: 4b .
- Voorbelastin: 5b.
Of course, you can also manually calculate the reverse-charged VAT and report this with your declaration.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article