- Denmark’s new VAT reconciliation functionality, effective June 2023, will automatically reconcile EU and exempt transactions.
- Control remarks will appear when mismatches are identified between reported amounts in the European Sales Listing return and the VAT return.
- Intra-Community acquisition amounts will also be compared with reported information abroad, and significant differences in VAT-exempt transactions from the previous year will trigger control remarks.
- When mismatches are identified, an additional screen with control remarks will appear, giving the option to confirm correct amounts or correct the VAT or ESL return.
- Updates to the VAT return system include a final VAT position and a Comments folder.
Source Marosa
