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Suggested additional VAT measures for entrepreneurs due to corona crisis

VAT specialist Anne Marieke Smits, partner at BDO, argues for extra attention for VAT measures due to Covid-19:

  • An extra quarter for VAT payment
  • From year to quarter for VAT refund on bad debts
  • VAT leniency for catering entrepreneurs for their gifts to food banks etc.  (strictly speaking a withdrawal of goods)
  • Spread of VAT payment on down payments over a longer period of time (travel and events industry that use Corona-vouchers). More clarity about the VAT impact of cancellations and (partial) refunds.
  • Change frequency of VAT filings from month to quarter

Source: taxlive.nl

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