In which sectors can the lump sum flat-rate scheme apply?
The list of sectors which can apply the VAT lump sum flat-rate scheme is determined by royal decree. The list for 2019 is published in the meantime. Again, the application conditions were explicitly laid down. The old Royal Decree of 1969 is herewith abolished.
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
Consumption ice makers
Operators of chip shops
Retailers in textile and leather articles
Retailers in newspapers and magazines
Retailers in food products
Retailers in dairy products
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:
Daily receipts ledger
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.