Company profile: Taxes tab

Disclaimer

All screenshots in the article were taken in the Dutch version of Yuki.

The  BO screen will be opened if you open a domain that you have just created. 

The screen in which data of the company profile by means of the administration-wizard should be entered is opened as follows:

• Under Companies you will find the administrations in the domain. 
• Click on > in front of the administration name to start entering the company profile of the administration.
  
  

• Click on the Edit button in the now-opened screen to enter or change data on the Taxes tab.
  
  

On this tab you have to enter relevant data about taxes like tax numbers and VAT return and Intra-Community supplies declarations settings.

TIPS!

• Fiscal number: this number is the RSIN number that is mentioned on the extract from the Chamber of Commerce. Sole proprietors don't have a RSIN number.
• From 01-01-2020 a sole proprietorship has to use a new VAT identification number. This number will be printed on sales invoices that are created in Yuki. This number no longer has a link with the citizen service number (BSN).
• From 01-01-2020 the 'old' VAT number will be called the VAT tax number (turnover tax number). This number is used for the communication with the tax authorities like for example filing the VAT return.

VAT return

• Specify whether the company is liable for VAT. If this is not the case all invoices will be processed in revenues or costs ' without deduction of VAT. 
• Specify whether the small businesses scheme (KOR) should be applied from 01-01-2020. If so, click on the KOR period settings button. In the now-opened screen click on the New KOR period button:
  
  

  
  Enter the start and possibly end date of the period in which the KOR is active for the administration.
  
  
  Click on the Save button.

  
  

  ATTENTION!

  The notification in your screen that the Small businesses scheme (KOR) is active will not appear until you have logged out once and then logged in again.
  
  
  Fro a detailed description of the Small businesses scheme (KOR), see article Small businesses scheme (KOR) from 01-01-2020.
  
  

• Specify who will prepare and send the actual VAT return: 
  • My accountant: the administration office or accountant will file the VAT return on behalf of the entrepreneur (customer)
  • Myself: the entrepreneur (customer0 wished to file the VAT return by himself/herself.
• Specify with which frequency the VAT return should be filed:
  • Annually
  • Quarterly
  • Monthly.
• Specify with which frequency the ICP (Intra-Community supplies) declaration should be filed: 
  • Annually
  • Quarterly
  • Monthly.
    
    ATTENTION!
    Yuki can only file an ICP declaration when the declaration can be linked to a VAT return. The frequency with which the ICP declaration should be filed must therefore be identical to the frequency of the VAT return.
    However when the frequency of the ICP declaration differs it has to be created outside Yuki and subsequently entered as general journal entry in Yuki.
    
    
• Specify that the ICP declaration has to be filed along automatically:
  • if a ICP declaration has to be filed
  • when no ICP transactions will take place.

    
    

TIP!

ICP declarations are filed in the Archive on the ‘VpB’ tab in the ‘Taxes’ folder.