VAT 1st quarter 2019

With the sales tax returns for the first quarter of 2019, it appears that clients are surprised about the amount they have to pay to the tax authorities.

Perhaps these clients have not (yet) adjusted their sales prices from 6% to 9% on 1 January 2019. As a result, the VAT payment is higher with the same turnover as in 2018.

Below a clarifying example

4th quarter 2018 1st quarter 2019
low VAT turn over  € 30,000.00  € 30,000.00
payable VAT  € 1,698.11  € 2,477.06

With the same turnover € 778.95 more VAT must be paid!

If you have not yet realized this, you can still choose to increase your sales prices. See also our December 2018 news item

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Published on: 15 April 2019