VAT increase; On the 1st of Januari 2019 the Dutch low VAT rate will increase from 6% to 9%. This can also have consequences for you as an entrepreneur and for the prices of the products in your company. What do you have to do as an entrepreneur? How do you change your VAT rate in Kassatellen? Do you have to change the prices of your products as well? Curious? Read on!
How to change the VAT rate in Kassatellen.nl
Within Kassatellen.nl, changing your VAT rate is very simple. Before you change your VAT rate, I have to inform you that you must confirm all the days in 2018 before changing the rate. Otherwise all outstanding counts will be implemented with the adjusted VAT rate of 9%. No one wants to retroactively rectify every count one by one. That is simply too much work and unnecessary.
To adjust the VAT rate, you can also use our instruction. In chapter 1.3 VAT codes you can find how to change it. Click here to go to the instructions of Kassatellen.nl.
How to: adjust VAT rate in Kassatellen.nl
Click on Settings of the left side and then click on Cash Register Setup
Scroll to chapter 3. VAT codes
Click on edit and then change behind 6%
Adjust 6% into 9% and click on save
You are ready for 2019! It is simple as that.
Prices in 2019
The increase in the VAT rate also affects your prices. The prices of products increase and so do your costs. In order to be able to maintain the same level of profit in 2019 due to the VAT increase, it is advised to also increase your prices with the difference. This is of course completely your own choice. It is not mandatory but wise if you want to keep your profit margins the same as before the VAT increase.
Benefits of Kassatellen.nl
Cash book that meets the requirements of the Dutch tax authorities
Save up to 1,5 hours each day
Anytime and anywhere access to your cash book
24/7 insight into your current figures