Swedish representation's VAT split / allocation

Due to specific Swedish rules for raising VAT on representation, here is a guide to setup and procedure:

The following tool from the Swedish Tax Agency (Skatteverket) can be used for correct calculation.

Note: This tool is not under the responsibility of Acubiz and is subject to change without notice.

SETUP:

In order for the correct VAT split to be made, the following accounts must be created in Acubiz:

• Splitaccount (To create a split account)
  • Split moms - representation
• 3 new accounts (How to create an account)
  • * Moms att dra av
  • * kostnad du får dra av
  • * kostnad du inte får dra av

It is important that the 3 new accounts are created so that they are only used on a split account, as follows:

After creating all accounts, the setup below must be present in the Acubiz chart of accounts:

PROCEDURE:

At financial approval, the individual costs incurred on REPRESENTATION must be added the necessary distribution:

Including an example of a representation's cost:

Use the tool from the swedish Skatteverket to make the correct calculation:

This is an example on how it is booked in the Acubiz bookingfile:

The correct accountnumbers must be included in the setup in your Acubiz.