1. When do you submit your turnover statement?
This is stated in your policy: monthly, quarterly or annually. We expect your turnover declaration no later than 20 days after the end of the period stated in your policy. You provide the turnover per covered country and per type of risk when your policy provides for it. If different premium rates are provided per country, enter the turnover in the appropriate place.
2. Where do you enter your turnover?
To enter the turnover in Atrium, select the 'Policies' tab in Atrium and then go to 'Enter declaration'.
3. What turnover do you enter?
Your starting point is your total realised turnover excluding VAT.
You reduce this by:
- advances received for the delivery/performance of the service;
- cash paid sales on delivery or collection of goods;
- invoices relating to rejected debtors and not covered by self-assessment;
invoices for sales made after the date of withdrawal of a credit limit by Atradius; - sales to debtors on which you are wholly or partly legally or financially dependent or over which you have direct control (through participation in their management, or their management), or if you are part of the same group as the debtor;
- sales to government debtors unless your policy provides cover on these debtors (usually provided by political risk cover). Government debtors are debtors such as the state, government, government agencies or entities that cannot be declared insolvent, but can obviously cause a default.
Do not forget to specify the following:
- turnover with debtors under self-assessment. Remember that you have coverage again under self-assessment 12 months after a refusal or withdrawal;
- invoices that have been paid in the meantime;
- invoices in excess of the credit limit as these are covered as soon as an older invoice is paid and up to the date of claim.
- invoices for an amount lower than the intervention threshold provided for in the policy;
- turnover realised before a credit limit was withdrawn;
- disputed invoices/claims
Be sure to take a look at this video where Pierre-Henri explains the most frequently asked questions about the turnover declaration.
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