What does an additional advance mean?

The additional advance can be used to pay the missing advance taxes to the Tax Administration. UKKO light entrepreneur with business ID -service takes care of applying and accounting for additional advances for its users.

As a small business owner with a business ID, you don't have to worry about advance taxes yourself. We withhold the share of advance tax according to your tax rate from the invoices you send and account it to the Tax Administration as an additional advance. All you have to do is tell us your tax rate.

After this, money equal to your tax percentage is set aside from each of your invoices, which is paid to the Tax Administration at the turn of the year as an additional advance.

Please note that additional advance payment cannot be applied for advance tax accumulation of less than 170 euros. If your accumulation falls below the minimum, we will return the withheld advance taxes to you.

I received a decision on advance tax from the Tax Administration, how do I proceed?

We apply for the additional advance for your previous accounting period retroactively, and you will receive a decision on this from the Tax Administration in January. Getting a decision means that we pay the requested additional advance in full for you and you don't have to do anything. We will also send you a notification of the paid additional advance by e-mail.

Please note that the Tax Administration's decision on the additional advance is also accompanied by an invoice that you do not have to pay. We have already withheld your input tax and will pay that invoice for you.

What does an additional advance decision look like?

The letter you received from the tax administration is an additional advance decision that we apply for and pay for, if:

1. The title of the letter is "Decision on advance tax 2023".
2. The same amount that we have withheld from your invoices in 2023 has been recorded under "The advance tax for the year 2023 is total". You can see the amount of withholdings from previous years on our service page, reports -> income statement.

If both points are true, you can ignore the letter because we have already paid your advance tax shown in it.

Please note about the additional advance payment

• If you already paid the additional advance yourself, the Tax Administration will return the extra portion to the account number you provided to them after about a week. However, if the refund is not received within a reasonable time, please contact the Tax Administration.
• If you want to check whether the additional advance has been paid, log in to OmaVero. The paid additional advance appears in the service no later than the due date of the invoice.
• An additional advance can only be applied for if the amount of the collected advance tax is at least €170. If the amount of advance tax is less than 170 euros, we will return the amount to your account and will not apply for an additional advance. In this case, you may receive an invoice from the Tax Administration for the residual tax.
• An additional advance cannot be applied for if you have already applied or if you have been assessed advance taxes. In this case, the advance taxes withheld by us will be returned to your bank account and you must yourself apply for any missing additional advance.