VAT return for sole traders (toiminimi)

When you invoice through us using your own Y-tunnus (Business ID), we handle the statutory VAT returns and payments for you. We collect the VAT included on your invoices and pay it to the Finnish Tax Administration in connection with the return.

Schedule

The filing date is determined by your company's tax period. The due date is typically the 12th of the month. If the date falls on a public holiday or a weekend, the due date is the next business day.

A VAT return must be filed for every tax period, even if your company had no activity during the period.

Monthly filer

The return is filed every month.

• January due date: 12.3.
• February due date: 12.4.
• March due date: 12.5.
• etc.

Quarterly filer

The return is filed every three months.

• January–March due date: 12.5.
• April–June due date: 12.8.
• July–September due date: 12.11.
• October–December due date: 12.2.

Annual filer

The return is filed once a year. The due date is the last day of February of the following year.

Length of the tax period

Sole traders (toiminimi) set up through us have a quarterly tax period. It's possible to change the length of the tax period. You'll find instructions for this on the Finnish Tax Administration's website: VAT tax period and changes to it

What can prevent the return from being filed?

Filing your company's returns goes smoothly once you've granted us company authorisations. We prepare the VAT return based on the information in our system and submit it to the Finnish Tax Administration about two weeks before the deadline.

After filing, you'll see the amount of VAT payable on the front page of your OmaVero service. You don't need to pay this amount if we have already filed your return. We pay the amount shown as outstanding to the Tax Administration before the due date. The payable amount disappears from the front page at the latest on the day after the due date.

Frequently asked questions about the VAT return

Why does OmaVero show an amount payable?

‍You'll see the outstanding VAT payment in OmaVero after we've filed your VAT return. We pay the amount before the due date. The amount we pay is applied to the outstanding payment at the latest on the day after the due date (the 13th of the month), at which point the outstanding amount disappears from OmaVero's front page. You can find the payment by clicking Balance breakdown on the front page of the OmaVero service.

Why does the app say "missing"?

‍A VAT period is only marked as completed once the period has ended. That's why the current or just-ended period may briefly show "missing". We take care of the return on time – so nothing is actually missing.

What if I receive a reminder letter?

‍If you receive a letter from the Finnish Tax Administration about a missing return, the reason is almost always a missing company authorisation. Check your authorisations right away in the app: Menu → Tax payment details. If the view is empty, the authorisations are missing. Grant the authorisations without delay. We'll file the missing VAT return within a week.

Please note that a late-filed return may result in a penalty fee from the Finnish Tax Administration. If the return was late due to missing authorisations, you are personally responsible for paying the penalty fee.