Legal form of the VAT payer
In order to benefit from the flat-rate scheme, the company should work as an individual, ordinary (limited) partnership or private limited liability company.
Only VAT payers which should issue invoices for maximum 25% of their turnover qualify. Additionally, their turnover cannot exceed 750.000 euro (ex VAT).
VAT payers which should use a registered cash register, are definitely excluded.
Limited list of sectors
A royal decree lists the sectors for which the special scheme can still be applied. This list is adapted annually. The list for 2019:
- Bakers and confectioners
- Café owners
- Consumption ice makers
- Operators of chip shops
- Carnival operators
- Retailers in textile and leather articles
- Retailers in newspapers and magazines
- Retailers in food products
- Retailers in dairy products
- Shoe repairers
The administrative obligations under the lump sum flat-rate scheme are much easier than under the standard scheme. The VAT payer should only hold the following documents:
- Purchase invoices
- Sales invoices
- Daily receipts ledger
- Calculation sheet
- Detailed statement of additional profit resulting from exceptional purchase conditions.
Option for standard scheme
The VAT payer applying the lump sum flat-rate scheme, can also opt for the standard scheme. In case the VAT payer chooses to do so, he can only return to the lump sum flat-rate scheme after two full years.