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.
Make sure you have filled in the following information under My Company:
Company number
Legal name
IBAN
Billing address
First and last name of the director
Email address and phone number
Activate the VAT Returns option via settings:
Click on Settings and check the VAT Returns option (under the “Beta” category). After saving the settings, the VAT Returns item will appear in the left menu.
Install the Intervat integration:
Go to Settings → Integrations and search for the Intervat integration.
Click on Available, then on Connect. The director must then log in to the Belgian Finance portal to complete the integration.
Check historical invoices:
Some invoices in your Billit account may already have been included in a previous VAT return. Follow these steps to review invoices and optionally exclude them from future VAT returns via Billit:
At the top right of the VAT return screen, click Show undeclared invoices. This gives an overview of all invoices (both income and expenses) that have not yet been included in a VAT return via Billit.
Using the filters at the top, you can display only income or expenses, or limit the list to a specific date range. Before preparing your very first VAT return with Billit, you can exclude invoices for future returns.
In the list of undeclared invoices, you can select certain invoices and click Mark as declared at the top of the list. This prevents them from being included in the VAT return.
You can also use the undeclared invoices list to check the data for invoices that will be included in the next VAT return.
