Skip to main content
All CollectionsEverything for the vat declaration
How do I submit the ICP return monthly and the VAT return quarterly?
How do I submit the ICP return monthly and the VAT return quarterly?
Ryan Voerman avatar
Written by Ryan Voerman
Updated over a week ago

When conducting business abroad as an entrepreneur, you are required to file an ICP (Intra-Community Transactions) return in addition to the regular VAT return. ICP refers to intra-community transactions. In principle, the ICP return can be submitted simultaneously with the VAT return. However, if the foreign turnover exceeds €50,000 per quarter, the ICP return must be submitted monthly.

In Informer, the default setting is that the ICP return is submitted together with the VAT return. Most entrepreneurs do not exceed the €50,000 foreign turnover per quarter. If you do reach this amount, it is easy to adjust.

To do this, go to Settings > Accounting settings. Here, toggle the switch for 'ICP declaration separately' to ON.

After enabling this setting, a button labeled 'New declaration' will appear in the 'inside EU declaration' overview (Overviews > inside EU declaration) in the top right corner. In the next screen, you can select the year and the month to submit the return.

Did this answer your question?