VAT supplement with Yuki

Disclaimer

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

At the end of a financial year, for example when preparing the annual accounts, it often turns out that corrections are needed to the VAT returns that have already been submitted to the tax authorities. If it appears that you have submitted too much or too little VAT in this year or in the past 5 years, you are obliged to report this to the tax authorities. 

When all VAT returns in a financial year have been sent to and confirmed by the tax authorities, the VAT returns completed in Yuki can only be amended or supplemented by means of a supplement. The corrected data for the entire year are automatically included in a Yuki-generated supplement. 

It is not possible in Yuki to submit a supplement for a VAT accounting period of a month or quarter. In that case, you have to manually submit the relevant supplement via the tax authorities website.

In Yuki, you can then record the corrected data included in this supplement as a general journal entry.

A supplement, unlike a VAT return, is never automatically sent by Yuki to the tax authorities. The administrative office or accountant sends the supplement manually to the tax authorities by clicking on the Send button. 

If you do not want to send the supplement to the tax authorities, the status of the supplement can be set to 'Closed (historical)'.

ATTENTION!

As of Jan. 1, 2025, there are two deadlines regarding the supplement. It must have been filed:

• within eight weeks after the entrepreneur becomes aware of the inaccuracy
• before the taxpayer knows or should reasonably suspect that the inspector is or will become aware of the inaccuracy.

The supplement must have been filed before either of these two deadlines has expired.

TIPS!

• The tax authorities may later ask for a specification of the supplement. 
• Keep in mind that the tax authorities do not send a refund decision or post tax assessment.

Correction limit of 1000 euros

If not all VAT returns in a financial year have been sent to the tax authorities yet, and after correcting a closed VAT return, it appears that you have less than 1000 euro to pay or receive, then the corrected data from the tax authorities may be included in the next VAT return.

In that case, Yuki does not create a supplement, but automatically records the corrected data into the draft VAT return of the next VAT accounting period by means of a general journal entry (reversal of the correction).

However, should a supplement under 1000 euros be posted to the first VAT accounting period of the following financial year, then you must manually create a general journal entry in Yuki.

For a detailed description, see article Record VAT supplement under 1000 euros in next financial year.

TIP!

This correction limit of 1000 euros does not apply to corrections to the small businesses scheme (KOR).