Field help:
VAT collected and VAT on withdrawals
Specify the VAT amounts collected from the operating income.
These amounts belong to the operating income at the moment of their collection or formation. Please also specify here any VAT which you invoiced that was either too high or unjustified.
(1) The VAT collected
Specify the VAT from your outgoing invoices. This could be 7% or 19%. The net turnover is included in the "Operating income subject to VAT". Also specify any VAT here which arises from the sale of fixed asset items e.g. the sale of a company car. The net proceeds are included in the line "sale or withdrawal of fixed assets".
Not included: VAT, which was invoiced during the year but which has not yet been paid. VAT which will be reimbursed by the tax office is not specified here, but separately in line "VAT reimbursed and possibly offset by the tax office" recorded.
(2) VAT on free withdrawal of assets
The free withdrawal of assets is a withdrawal for private use. This type of withdrawal is the use of business assets or services for purposes other than those connected with the business. Since the costs are recorded as operating expenses, the private withdrawals must be recorded as operating income and tax on them paid. The benefit of this is therefore cancelled out due to the deduction of VAT paid on goods/services.
