With the Rental in the name of intermediary model, two rental transactions take place administratively:
The owner rents the accommodation to the holiday park.
The holiday park rents the accommodation to the guest.
In the Netherlands, both rental transactions are subject to VAT.
Settings
Set up the administrative method
Select this method via: Settings > Account > General > Others tab > Owner statement.
Use the following settings:
Owner statement strategy: rental in the name of intermediary.
Owner settlement commission VAT profile: NL-BTW Hoog (21%). Depends on the country in which your company operates.
Business or private owner
Next, go to Settings > Owners > Owners. For each owner, specify whether they are a Business owner or a Private owner.
Business owners receive the VAT on rental income and other income.
Private owners do not receive this VAT.
Commission VAT rate
Then go to Settings > Owners > Owner statement. Check the 'Commission VAT profile' and, if necessary, update it to the general commission VAT rate.
How the model works
The owner settlement balance shows the total amount payable to the owner.
Unlike the standard model, the VAT on the commission is excluded from the calculation in certain situations. This depends on the owner type and the configured VAT settings.
Examples
Below are examples of the owner statement for the same reservation with different owner types.
1. Business owner
For a business owner who receives VAT, the VAT on the rental income and other income remains part of the amount payable. The commission is deducted as a gross amount (including VAT).
Description | Amount |
Rental income (incl. €876,44 VAT) | €5.050,00 |
Final cleaning (incl. €41,64 VAT) | €240,00 |
Subtotal income | €5.290,00 |
VAT on rental income and other income | €0,00 |
Gross commission | - €916,58 |
Service costs | - €121,00 |
Total payable | €4.252,42 |
2. Business owner (reverse charge or VAT exempt)
If VAT is reverse charged or the owner is VAT exempt, the VAT on the rental income and other income is deducted. The commission is then calculated as a net amount (excluding VAT).
Description | Amount |
Rental income (incl. €876,44 VAT) | €5.050,00 |
Final cleaning (incl. €41,64 VAT) | €240,00 |
Subtotal income | €5.290,00 |
VAT on rental income and other income | - €918,08 |
Net commission | - €757,50 |
Service kosts | - €121,00 |
Total payable | €3.493,42 |
3. Private owner
For a private owner, VAT on the commission is always excluded. The commission is deducted as a net amount (excluding VAT). The owner does not receive VAT on the rental income or other income.
Description | Amount |
Rental income (incl. €876,44 VAT) | €5.050,00 |
Final cleaning (incl. €41,64 VAT) | €240,00 |
Subtotal income | €5.290,00 |
VAT over rental income and other income | - €918,08 |
Net commission | - €757,50 |
Service costs | - €121,00 |
Total payable | €3.493,42 |