Udførelsesregistrering

Udførelsesregistrering refers to a Danish legal requirement for businesses and public authorities to keep detailed records of their tax matters, primarily for goods and services subject to value-added tax (VAT).

As per the Danish tax authority, Skat, these records must include all transactions related to the supply of goods and services, including purchases, sales, and electronic invoices. The primary purpose of udførelsesregistrering is to enable the calculation of input VAT that can be claimed as a refundable credit by the registrant.

Businesses and public authorities subject to the rules must include the following information in their udførelsesregistreration:

* Date and time of the transaction

* Type of transaction (e.g., purchase, sale, or default)

* Supplier or customer's account code

* Supplier or customer's name and address

* Type and quantity of goods or services exchanged

* Amount of the transaction

* VAT amount claimed

These records must be maintained electronically and made available for inspection by the Danish tax authorities. Failure to comply with the udførelsesregistrering rules can result in penalties and fines.

Players in the Danish construction industry, the welfare sector, and the energy sector may be exempt from some or all of these requirements, depending on specific circumstances. Skat often provides guidance and examples for implementing these requirements effectively.

It is essential for businesses and public authorities to ensure the accuracy and completeness of their udførelsesregistrering, as any discrepancies or non-compliance can lead to negative consequences.