Note: Since 2020, there is an exemption scheme in place. This is a different KOR scheme than the (old) scheme mentioned below.
Do you have to pay less than €1,883 in VAT in a year? Then you may be eligible for the small business scheme (KOR).
You can indicate the small business scheme on your VAT return via Advanced > Supplemental journals > Memoriaal. Then click on New to create a new journal entry.
Follow these steps:
Under Date, select the date that corresponds to the filing period of the VAT return. (Note! Do not use today's date, as this often falls outside the filing period for which you want to file the return).
In Description, indicate that it concerns the 'Small Business Scheme'.
Under Category, select category 1580- Kleineondernemersregeling. *
In the debit box, enter the amount of VAT you would normally have to pay.
Click on New line.
Under Category, select category 9800- Kleineondernemersregeling. *
In the credit box, enter the amount of VAT you would normally have to pay again.
The entry should now look like this. If it's correct, you can click Save. Always double-check your VAT declarations to see if box 5D is filled in and box 5G is set to 0**.
KOR_booking.PNG
*) If you have an administration from before July 2017, it may be that the mentioned categories are not yet present in the bookkeeping. You will need to add these first.
**) DISCLAIMER: The above help item shows how to process the KOR in bookkeeping. As an entrepreneur, you are always responsible for determining whether you are eligible to use this scheme. Check with an expert if necessary.*) If you have an administration from before July 2017, it may be that the mentioned categories are not yet present in the bookkeeping. You will need to add these first.