Vat Shifted

Vat Shifted

When does this occur?

BTW (VAT) shifted means that the seller does not charge VAT, but that the buyer (you, as a business owner) must declare and pay the VAT in the VAT return. This usually happens in situations such as:
  1. Supplies or services between businesses in different EU countries
  2. Domestic services such as subcontracting in construction
  3. Supplies to a VAT-liable customer for which the shifted charge mechanism applies
The supplier mentions on the invoice that the VAT is shifted. Therefore, there is no VAT amount on the invoice. It often states something like "Btw verlegd," "Btw verlegd naar afnemer, artikel 12 Wet OB," or "Shifted charge VAT" (for foreign invoices).

How do you work with BTW shifted in Spend Cloud?

First of all, it's good to know that it is important to be able to export BTW shifted to your financial package.

How does this work per package?

Currently, we support this from Spend Cloud for the following financial packages: AFAS, Exact Globe, Exact Online, and Visma.net Financials.

AFAS
When using Spend Cloud in combination with AFAS, you can read the following article about the possibilities for setting up BTW shifted: Spend Cloud in combination with AFAS - Btw verlegd. If you are missing specific settings for the VAT codes, you can contact the support department to enable them.

Exact Globe and Online
When using Spend Cloud in combination with Exact Globe or Exact Online, you can set up BTW shifted in the following way. The basis for shifted charging is that no VAT can be reclaimed, which is why Spend Cloud works with a percentage of 0%. Additionally, a percentage is also booked on a VAT account to be reclaimed and payable. This results in a VAT booking that amounts to €0. To set this up correctly in Spend Cloud, it is important to set the Percentage field to 0%, use the VAT type "BTW verlegd," and fill in both the Reclaimable and Payable VAT accounts (see the image below).



The booking procedure is as follows:

Invoice in Spend Cloud
Total amount: €100
VAT %: 0%
VAT amount: €0

Export to Exact
Creditor: €100 Credit
VAT to be reclaimed: €21 Debit
VAT payable: €21 Credit
Costs: €100 Debit

Visma.net Financials
When working with Spend Cloud in combination with Visma.net Financials, the VAT code in Spend Cloud must match the VAT category in Visma.net. Based on the VAT area set for the creditor, the correct code is applied in Visma.net. Visma.net Financials calculates the VAT payable or reclaimable itself. From Spend Cloud, the total amount excluding VAT per invoice line is sent to Visma.net Financials along with the VAT category code. You can read more about this in the following article: Visma.net Financials - Configuration.

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