Private use - Insight into your VAT adjustment
The VAT adjustments for private use of goods and services, bought for business purposes by a business but (partly) used for private purposes, need to be calculated and included in the last VAT return of each year. In the publication ‘Private use – Insight into your VAT adjustment’, we give an overview of the adjustments that are covered by the current relevant VAT legislation.
The following adjustments are discussed: total exclusion of VAT deduction on hospitality/catering costs, the VAT Deduction Exclusion Decree (‘Besluit uitsluiting aftrek omzetbelasting 1968'), VAT on deemed supplies such as the private use of a company car, and VAT adjustment for the private use of immovable property labelled as a business asset.
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