Denmark modifies VAT return filings

Fri 27th Dec 2013

The Danish 2014 Budget includes changes to the VAT compliance regime for small companies.

Changes to Danish VAT filing deadlines

For businesses will sales less than DKK 5 million, the deadline for filing VAT returns will be extended to 60 days from the current 40 days.

Danish VAT registered entities with annual sales of below DKK 1 million file bi-annually. Above this, and below the DKK 5 million sales level file quarterly returns. Newly registered companies generally have to file quarterly initially. Large (> DKK 20 million), newly registered entities must file monthly.

The penalties for missing a filing are up to €12,000 equivalent. There is also an interest charge of 0.06% per day for any late VAT due.