Is your company ready for the new requirements for digital cash registers?
The Danish Tax Agency has introduced new requirements for digital sales registration to combat the black economy and ensure that companies pay correct taxes and duties. If your company has not yet implemented digital sales recording, it is important to act quickly to comply with the legislation, which will come into force from 1 January 2024. At Shopbox, we have the solutions to make the transition easy and problem-free.
What is digital sales registration?
Digital sales registration (or digital cash register system) is a system where sales data is recorded and stored electronically. This may include information about products, customers, prices, staff and transactions. By using digital tools to record sales, companies can achieve greater accuracy and efficiency in their sales processes. Digital sales recording can also contribute to better reporting, accounting and analysis of sales data, which can help companies with strategy and growth.
Who must implement digital sales registration and is my company covered by this law?
Since 2018, the Tax Agency has carried out inspection visits to several retail and service companies in Denmark and identified a number of errors in the registration of VAT and sales. The control visits continue and have cost thousands of Danish companies tax collections.
If your company has an annual turnover of more than DKK 50,000 and less than DKK 10 million and are within the retail and service industry, you are covered by the law.
Which industries do the requirements for digital sales registration apply to?
So far, the following four industries are subject to the new requirements from 1 January 2024:
- Cafes, pubs, discotheques, etc.
- Pizzerias, grill bars, ice cream bars, etc.
- Merchants and 24-hour kiosks
- Restaurants
During inspection visits, SKAT can already order the company to switch to a digital sales registration system and in 2021, 215 out of 357 companies have been ordered to change systems, as many current systems do not meet the current requirements. Read more about the new requirements here.
If you are not already using a digital cash register system and there are irregularities in your sales record, the chance that the authorities will visit your business in the next round of checks is quite high. That is why it is important to switch to a digital checkout system as soon as possible! At Shopbox, we have the perfect solution for you.
Digital checkout system from Shopbox - easy and flexible!
Our cloud-based cash register systems make it easy to meet the requirements for digital cash registers. The system is easy to use and can be adapted to your company’s needs. It easily integrates with other business applications, including Mobilepay, Shopify, Wolt, Just Eat, Foodora, and many more. We therefore make sure to tailor the best solution for your company and make everything work together. Easy, safe and in accordance with Danish legislation!
Furthermore, we have also implemented SAF-T reporting in our checkout systems, so you can be sure to comply with all legal requirements. The report contains details of the company’s financial transactions and will also be a legal requirement from 1 January 2024.
Contact us today to get more information about our digital checkout systems and get started with the implementation. We will ensure a seamless transition to digital sales recording, so you can focus on running your business with peace of mind.