What if an invoice that has already been validated by my customer needs to go to VAT?


If you have crossed the threshold for the deductible based on VAT during the month, you are required to issue corrective invoices to your customers. They will inform your customers that you now collect VAT and that it is due on the invoices that you have previously issued to them. These corrective invoices only apply for operations carried out during the month in which the overrun was exceeded (invoices that were not subject to VAT). For example, if you start collecting VAT on May 15, you will need to produce corrective invoices from your customers for documents issued between May 1 and May 14.

In order to simplify your administrative procedures, you have the right to anticipate your exceeding the thresholds for the deductible based on VAT. Thus, you can request your VAT registration number in advance from your SIE and start editing invoices and quotes indicating VAT collection.

Accounting software helps you manage your VAT

The accounting software helps you manage your transition to VAT returns, offering a module. From the banking transactions recorded on the tool, it automatically generates your VAT return (CA12 or CA3) in order to save you time and avoid errors. The declarations can be downloaded in PDF format, so all you have to do is enter the data calculated by Gest4U on your paper or online form.

In order to help you prepare for a possible switch to VAT and its consequences on your cash flow, the management software offers a simulator. This tool allows you to determine, depending on your status and your plan, what impact the switch to VAT will have on your finances. Use the tax refund estimate in that case.

  • What are the charges that we can deduct as a company, entrepreneur or liberal profession?
  • What are the charges that are not deductible? In other words: how does it work?

In principle, VAT is 100% deductible on the costs you pay for your business. This rule seems relatively simple, but a few conditions must still be met and there are exceptions to the full deduction of VAT. Make use of the tax refund estimate there.

Who can deduct VAT?

  • The liberal professions, the medical and cultural sectors and TPE
  • Mixed taxable persons

Persons liable to VAT are an important link in the collection of VAT. On the one hand, they charge VAT on their sales to customers and, on the other hand, they must deduct the VAT on their own purchases and investments related to their business from the VAT collected on the products sold. Therefore, they only pay the difference (= the tax on their own added value) to the public treasury. A taxable person should not therefore bear the VAT burden himself.

A taxable person can recover the VAT if he carries out an economic activity or that he is going to exercise one. When you carry out undeniable activities as an individual in order to prepare for your self-employed activity, you have the right to deduct (subsequently) VAT and this, even if you do not yet have the status of subject to VAT at the time of purchase.

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