This article is particularly relevant for users from Germany.The coalition committee agreed on the reduction of value-added tax between July 1st and December 31st, 2020.
We have compiled the most important information here for users of the cash register system.
Do changes need to be made for regular cash register operation?
No, you do not need to make any changes to your cash register settings. The tax rates for products and services will be automatically charged at 16% and 5% respectively from July 1st. The system will retain the gross prices.
Is there anything else I need to consider?
If you or your tax advisor use a DATEV export at the end of the month, discuss with your tax advisor whether different revenue accounts should be used from July 1st. These can then be stored in the cash register settings from July 1st. If you are unsure how these can be set, you can send us your planned revenue account changes via chat or email to info@belbo.com. Further information can be found here: Posting settings
I do not want to pass on the VAT reduction for now and do not want to change my prices. Do I need to do anything?
Correct, the cash register system works with gross prices and will only adjust the value-added tax.
I want to reduce my prices. How do I proceed?
In principle, you can proceed as with any other price change and manually change the prices from July 1st. We are planning to provide you with a tool to make this process less effort for you. We will inform you from June 22nd onwards about how this tool works.
What happens when a customer redeems an already taxed voucher or an already made down payment?
You should discuss these and similar questions with your tax advisor first. In principle, these problem areas must be solved by your tax advisor's accounting and such matters must be calculated.
The fact is, of course, that the date of service provision always applies and thus any value-added tax already paid will be corrected by your tax advisor. However, this is primarily not an issue for the cash register system, which must tax all appointments and sales from July 1st at 16%.
What happens in the event of an exchange/return for an invoice with 19%?
You should discuss these and similar questions with your tax advisor first. In principle, 2 tax codes are then used on the invoice, which are offset against each other. Our recommendation is that these special cases be recorded as extraordinary and reported to your tax advisor so that they can verify the correct posting.