File your supplementary VAT return before 1 April 2017!
As much as you proceed carefully in your VAT returns, it may happen that at the close of 2016 there is VAT payable or receivable. If the balance of such debt or claim is less than € 1,000, you can handle this on your next VAT return. If it is a larger amount, you must submit a supplementary VAT return.
Does the supplementary VAT return sums up to a payable VAT amount? Make sure you submit supplementary VAT return before April 1, 2017. Then, no interest will be charged on the amount to pay. Moreover, if the amount to be paid is less than € 20,000 and less than 10% of the VAT paid in 2016, no fines will be imposed.
Do you have questions about this issue? Please contact our tax advisors.