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What are the new VAT return reconciliation checks implemented in 2023 in Denmark?

  • Starting from June 2023, Denmark has implemented a new reconciliation functionality for VAT returns.
  • This functionality includes an automatic check of the reported figures in boxes A and B on VAT returns, focusing on value added tax (VAT) transactions within the European Union (EU) and exempt transactions.
  • Additionally, as of July 1st, 2023, the Danish tax authorities will charge interest on any corrections made to VAT and/or duty where the chargeable amount is larger than initially reported.
  • This move aims to ensure accurate reporting and compliance in VAT-related matters.
  • The changes reflect a more stringent approach to reconciling VAT returns and maintaining the integrity of the tax system in Denmark

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