If you have a Bunq account and have activated the automatic bank connection, there is the option to reserve VAT.
Activate the automatic VAT reservation
Note: The VAT reservation can only be activated if you have at least 2 bunq automatic bank connection.
To activate the automatic VAT reservation, follow the steps below:
Navigate to settings in the left-hand menu;
Choose VAT;
In the top right corner, choose VAT reservation;
Set up the reservation:
Activate Automatic VAT Reservation by toggling the option on.
Under Payment Account, choose the account from which the reservation amount will be deducted.
In VAT Account, select the account where the reservation will be credited.
Set the Reservation Frequency to either:
Every day;
Every week;
Choose the Time of Reservation, specifying when the reservation will occur;
Click Save to activate the reservation;
On the set day and time, the VAT reservation will automatically transfer the designated amount from the payment account to the VAT account.