Momsjusteringer

Momsjusteringer refers to adjustments made to VAT (value-added tax) accounting and reporting to correct or update amounts that were previously reported. In Nordic accounting practice, the term describes entries that modify the VAT payable or the deductible input VAT after a VAT return has been filed, when circumstances change or errors are discovered.

Common reasons for momsjusteringer include corrections of errors in prior VAT returns, changes in the tax treatment of a transaction (for example, different VAT rate or exemption), post-transaction price adjustments, customer returns, allowances, or discounts not originally accounted for, and adjustments related to bad debts, margin schemes, or private use of business goods.

Handling of these adjustments typically involves recording them in the company’s VAT accounts and may require submitting an amended VAT return or a separate adjustment notification to the tax authority, depending on jurisdiction. Documentation such as corrected invoices, credit notes, or revised contracts is usually needed. The accounting impact is an adjustment to the VAT payable or to the deductible input VAT, with a corresponding effect on profit or loss and the balance sheet, depending on the nature of the adjustment.

Scope and context: While different VAT systems use different terminology, the underlying concept of momsjusteringer—as corrections to previously reported VAT due to errors, changed circumstances, or new information—exists across regimes. Practitioners should consult local tax guidance to determine applicable rules, deadlines, and forms.