VAT

What is VAT?

VAT (value added tax) is a tax that is added for all sales of goods and services that must be declared to SkatteverketSkatteverket. Almost all businesses add VAT when selling their goods or services. At the end of each VAT period, all input and output VAT is compiled and reported. When you have created a VAT report in Visma eEkonomi Smart you upload it as a file and submit it to Skatteverket.

Read more about how to create, check, submit and post your VAT report to the ledger in:

Checklist - VAT reports for limited liability companies

Checklist - VAT reports for sole proprietorships

Output and input VAT

On the VAT report, you distinguish between output VAT and input VAT.

• Output VAT is the VAT on all goods and services your company sells. Your customers pays VAT to the company, and the company in turn pays the VAT to Skatteverket.
• Input VAT is the VAT on all goods and services you purchase for your company. Your company has the right to get a refund on the VAT that was paid when purchasing goods from Skatteverket.

VAT is therefore neither a cost nor a revenue for your company.

When the value of your sales is greater than the value of your purchases, the company has to pay money to Skatteverket since the output VAT is higher than the input VAT. Output VAT - input VAT = VAT to pay/be refunded.

Related topics

	Create VAT report
	Common issues and solutions - VAT
	Vad är moms?

Search words: vat, vat reporting, input vat, output vat