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VAT Shareout "Ventilazione"

VAT Shareout ("Ventilazione" in Italy) is a specific VAT calculation tipycal of small business that handles multiple VAT rates.

These business can declare to government that:

  • Purchases are well divided per VAT rate
  • Sales are made in aggregated form, without applying any VAT rate 

To pay the right taxes, these business need to calculate "Ventilazione" that is VAT rate to apply to sales proportionally to purchases.

The calculation is made starting from the 1° january of each years to the end of each VAT period.

Example

MonthVAT ratePurchase amountShareout %
January4 %10.00016,53 %
January10 %33.00054,55 %
January22 %17.50028,92 %
Total
60.500100 %

The aggreate sales of January are 97.000 so the VAT to pay is:

VAT rateShareout %Sales amount (incl. VAT)VAT amount
4 %16,53 %16.034641
10 %54,55 %52.9145.291
22 %28,92 %28.0526.171
Total100 %97.00012.103

New purchases of February increase previous totals and generate a new shareout for February sales:

MonthVAT ratePurchase amountShareout %
January + February4 %22.00018,72 %
January+ February10 %59.50050,64 %
January + February22 %36.00030,64 %
Total
117.500100 %

And so on...

Setup

 

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