A VAT operation can be specified on each VAT code created in the accounts under
Finance/Maintenance/VAT .
The VAT operations determine in which field on the VAT report the VAT amount and/or VAT base is included in.
VAT operation, Sales
If the VAT type 'Outgoing VAT' is selected, the
VAT operation, Sales field is filled with one of the following values:
| VAT operation, Sales |
Description. |
| MosEU |
Select this on VAT codes to be settled to the VAT One-stop-shop for the EU scheme. EU scheme. Read more about this here. |
| Moss |
Select this on VAT codes to be settled to the VAT One-stop-shop for the non-EU scheme. Read more about this here. |
| S1 |
Select this on VAT codes to be used for Danish sales tax |
| S2 |
Select this on VAT codes to be used for sales without VAT in DK.
Read more here |
| S3 |
Select this on VAT codes to be used for sales to other EU countries.
Read more about EU sales without VAT here. |
| S4 |
Select this on VAT codes to be used for sales of services to other EU countries.
Read more about EU sales without VAT here. |
| S5 |
Select this on VAT codes to be used for EU sales that are not reportable. |
| S6 |
Select this on VAT codes to be used for sales of both goods and services to countries outside the EU. |
| S7 |
Select this on VAT codes to be used for VAT exempt EU triangular sales.
Read more about EU sales without VAT here. |
| S8 |
Select this on VAT codes to be used for the sale of goods in Denmark that are to be sold with reverse charge, such as mobile phones. Read more about this here. |
VAT operation, Indkøb
If you select VAT type 'Incoming VAT', the
VAT operation field
, Indkøb, is filled in with one of the following values:
| VAT operation, Indkøb |
Description. |
| K1 |
Select this on VAT codes to be used for Danish purchase VAT |
| K2 |
Select this on VAT codes to be used for purchases in DK with reverse charge.
Read more about this here |
| K3 |
Select this on VAT codes to be used for the purchase of construction services with reverse charge. |
| K4 |
Select this on VAT codes to be used for reverse charge purchases from countries outside the EU.
Note! If you would rather post the import VAT based on the customs documents you receive, read more here. |
| K5 |
Select this on VAT codes to be used for purchases of reverse charge services in the EU. |
| K6 |
Select this on VAT codes to be used for reverse charge purchases in the EU. |
| K7 |
Select this on VAT codes to be used for VAT exempt EU triangular trade. |
| K8 |
Select this on VAT codes to be used for purchases of services with reverse charge in countries outside the EU. |
VAT operations and the VAT report
Below you can see which VAT operations are included where on the VAT report (VAT statement):
| Fields on VAT report/ VAT statement |
VAT operations etc. |
| Sales tax (outgoing VAT) |
S1 + K2 + manual entries in system accounts of type 'Outgoing VAT' and 'Manual outgoing VAT'. |
| Purchase VAT (input VAT)/Includes certain purchases abroad |
K1 + K2 + K4 + K5 + K6 + K8 +
manual entries in system accounts of type 'Input VAT' and 'Manual input VAT'. |
|
|
| VAT on purchases abroad
(Both EU and non-EU countries) |
K4 + K6 |
| VAT on purchases of services abroad with reverse charge |
K5 + K8 |
| Heading A - Goods |
VAT base from K6 |
| Heading A - Services |
VAT base from K5 |
| Heading B - Goods |
VAT base from S3 |
| Box B - Not reportable for EU sales without VAT |
VAT base from S5 |
| Heading B - Services |
VAT base from S4 |
| Heading C - Goods and services |
VAT base from S2 + S6 + S8 |
| Taxes |
Postings to system accounts for taxes
(e.g. Co-2 tax, Water tax, etc.) |