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The Taxation points out the latest VAT return to stop entrepreneurs

As soon as an entrepreneur deregisters from the Chamber of Commerce (KvK), the Tax and Customs Administration will send a letter about the end of entrepreneurship. In this letter, the Tax and Customs Administration points out to the striking entrepreneur to submit the latest VAT return. Only when this VAT return has been submitted will the tax authorities provide a final confirmation of deregistration as an entrepreneur for VAT purposes.

Pay attention to the turnover tax return The discontinuation of the company does not necessarily mean that the turnover tax return must also be stopped at that time. Consider, in particular, the cases in which after the company has ceased operations, operating costs that are still outstanding are charged or income is received.

If entrepreneurship continues for sales tax purposes after the discontinuation of the business, deregistration from the Chamber of Commerce is usually not an issue.

When do you have to file a declaration?

You must submit the last VAT return for the period in which your business was discontinued or transferred. The last transaction for your turnover tax as an entrepreneur is important here. If, after the strike or transfer, there is still a right to deduction or a declaration obligation, you must ensure that the OB number is not issued by the Tax Authorities until the time at which the last corporate action took place. Consult with your advisor in good time about how to act when deregistering from the Chamber of Commerce.

Final declaration is mandatory

The final declaration is mandatory, even if it concerns a nil declaration. If you do not submit this VAT return, the Tax and Customs Administration will impose an additional assessment with an estimated amount and fine. So, submit this final declaration on time.

In some cases, the company is not registered with the Chamber of Commerce. In that case, the entrepreneur must inform the Tax Authorities that his business has been discontinued.