SlimbotPlatform › Accounting › VAT
AccountingWhat is VAT?
With VAT, Slimbot automatically calculates the correct rates on every invoice and tracks what you need to pay or reclaim. So you'll never face surprises at the quarterly return. You always see the running balance in real time.
How does it work?
- Slimbot automatically applies the correct VAT rate per line.
- All incoming and outgoing VAT is collected per period.
- View your VAT overview with the amount to pay or reclaim.
- Export the figures for your return or your accountant in a few clicks.
Use cases
Hospitality business working with multiple VAT rates on one receipt.
Freelancer who wants to quickly know what to pay each quarter.
Webshop that supplies both consumers and businesses.
Service provider applying reverse-charged VAT for business clients.
Benefits
- Never doubt the correct rate again.
- Return prepared without manual calculations.
- Real-time view of what you need to set aside.
- Less chance of corrections and fines.
Frequently asked questions
Does Slimbot support multiple VAT rates?
Yes. You choose the correct rate per line, even if you use high, low and exempt rates mixed together on one invoice.
Can I apply VAT reverse-charged?
Yes. For business clients where VAT is reverse-charged, Slimbot processes that correctly on the invoice and in your overview.
Does Slimbot also file the return for me?
Slimbot prepares all figures and exports them ready-to-use. You file the actual return yourself or together with your accountant.
Also within Accounting
Use VAT for your business?
Slimbot sets everything up for you. Start for free or request a tailored demo.