(and especially tagging @Hennie )
I have a question about dealing with VAT within the dutch tax regime for items bought for private use.
The case is that I ordered some parts in another EU country and the VAT was reversed,.
But this could also be bought locally on behalf of an employee or partner.
i tried the following:
- Coded the transaction with 21% reversed VAT to a capital account of myself.
- Coded the transaction to an employee account.
- a TEST transaction with regular VAT coded to captial account
- a TEST transaction with regular VAT coded to employee account.
VAT is not in any of the VAT reports.
Now what I would expect to happen was that in the cases 1 and 2 that the VAT would be calculated and charged to the employee or partner, and transaction to showup on the report "Concept BTW aangifte"on line 1d Privégebruik and the VAT also to show in VAT payable. But it does not show up as a VAT transaction at all.
To test if this has to do with the reversed VAT, I also created a test transaction with regular VAT (cases 3 and 4) with the same result. It does not show up as a VAT transaction.
I think that it should be dealt with as a VAT transaction since you need (as I understand it) show how VAT flows through your accounts. (but I am not an accountant)
I could ofcourse book this to inventory and then sell it and raise an invoice etc. But I expected the above to work too. Perhaps a setting?
Kind regards, Arjen