The principle
You delivered a service (content, exposure) and received something of value (goods, travel, stays). This is barter. You count the market value of what you received as revenue, for income tax and for VAT. A €1,200 watch for a post is €1,200 of turnover, as if the brand had paid cash and you had bought the watch.
Common mistakes
- Volume: ten packages a month is real turnover. If you leave it unrecorded, you have to reconstruct it years later, when the inspector asks for it.
- Keep or return: items you return, or can show you use only for the production, are treated differently from items you keep for private use. A watch you wear every day is income.
- Unsolicited packages: a package with zero obligations is in a grey zone. When you post about it under an agreement or expectation, it becomes barter.
How to record barter
- Keep one running sheet: date, brand, item, market value, what was delivered in return.
- Invoice barter deals like cash deals. Send an invoice for the service at market value, paid in kind. The invoice also shows the VAT.
- Photograph the deal terms (the email, the briefing) into the same folder.
Spend ten minutes a week on this, and a later tax audit takes little work. It also helps with deductions. You enter gear that you receive for real production use in your books at market value, and you depreciate it like gear you bought. You can read more about deductions in the complete deduction list.
When barter becomes your main model
Some creators earn a large income entirely in kind, for example in travel, fashion or tech. For them, careful records are a central part of the administration. With a BV (besloten vennootschap, the Dutch private limited company) and correct books, banks, mortgage lenders and the tax authority all see the same figures. See start here.
Related articles
See also VAT on sponsorships and digital products and all creator questions.