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.
Note: since this is a beta feature, we recommend carefully reviewing the limitations below and consulting your accountant before using Billit to prepare your VAT return.
Currently, Billit does not yet support:
Monthly VAT returns
OSS (One Stop Shop) returns
Self-billing
Refund of foreign VAT
Customs invoices with import VAT
Invoices that are partly outside VAT and partly with goods/services at 0% VAT