{"id":47037,"date":"2024-10-10T20:59:53","date_gmt":"2024-10-10T18:59:53","guid":{"rendered":"https:\/\/www.thegreenlist.nl\/?p=47037"},"modified":"2025-11-26T13:17:41","modified_gmt":"2025-11-26T12:17:41","slug":"vat-return-with-these-tips-your-quarterly-closing-is-a-breeze","status":"publish","type":"post","link":"https:\/\/www.thegreenlist.nl\/en\/btw-aangifte-met-deze-tips-is-je-kwartaalafsluiting-een-makkie\/","title":{"rendered":"VAT return? These tips will make your quarterly closing a breeze"},"content":{"rendered":"
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At thegreenlist.nl<\/em> we also like to write about sustainable business. This time, we dive into VAT returns. This is probably not your favourite thing to do as a sustainable entrepreneur, and yet it is important to do it carefully. In this article, we share with accountant Marcel Huting<\/a> tips what you can do to keep your accounts in order and make the quarterly closing, your VAT return, easier. The secret: structure and regularity. We'll show you how to do it!<\/strong><\/p>\n\n\n\n\n\n\n\n

Your VAT return<\/h2>\n\n\n\n

In cooperation with Huting Tax Advice & Administration<\/em><\/p>\n\n\n\n

As a business owner, you have to file your VAT return four times a year to see how much sales tax you owe the tax authorities. Or maybe you get a refund if you incurred a lot of expenses. This is called the quarterly statement. Besides your VAT return, as an entrepreneur you have to deal with income tax once a year. Furthermore, you pay an annual contribution to the Health Insurance Act (this is a percentage of your profit). If you want to know more about this, see the accounting tips we shared earlier<\/a>. In this article, we take a closer look at your weekly administration with Marcel so that that VAT return every quarter doesn't become quite a hoist.<\/p>\n\n\n\n

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What was the deal with VAT again?<\/h3>\n\n\n\n

We call it all the time: VAT. But what does this abbreviation stand for again? Pooh, that economics lesson suddenly seems like a very long time ago... VAT stands for Value Added Tax. It is a tax on the goods (and services) you buy. Everyone pays VAT, just look at your receipts. Only entrepreneurs are allowed to reclaim the VAT they paid from the tax authorities, this is to avoid double taxation and thus the piling up of VAT. In the Netherlands, we calculate with a high and a low tax rate. The high rate is 21% and the low rate is 9%. You charge 21% VAT on most goods and services. The low VAT rate only applies to goods and services that are considered primary necessities such as food, repairs, public transport, the hairdresser, medicines and until 2026 also books and magazines. You can find out which VAT rate applies to your business at The Tax Office website.<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n

Making your quarterly closing a breeze<\/h3>\n\n\n\n

Keeping your records, even if you have an accountant, will continue to demand time from you. Yet with a few good habits you can make things a lot easier for yourself - and your accountant. Reserve half an hour to an hour a week for this and your quarterly closing will be done in no time!<\/p>\n\n\n\n