When adding income and expenses in Billit, by entering the correct information, you can prepare various VAT returns at the end of the period. You can even submit a VAT return directly from Billit through the integration with the government portal Intervat. Finally, you can pay any VAT due using a QR code or a payment file.
On the VAT Returns – VAT Declaration screen, you can see the VAT current account balance at the top right. This amount is stored per period.
By correctly entering the VAT current account balance, you will be able, after preparing and submitting the VAT return, to see the VAT amount to reclaim or to pay.
You can manually adjust this amount by clicking the edit icon.
If you still have a VAT balance on your current account, enter a positive amount (without the plus sign).
If you have VAT to pay exceptionally, enter a negative amount (with the minus sign).
You can check your VAT current account balance via: https://www.minfin.fgov.be/myminfin-web/pages/private/pro
