5.11.1 To whom does it apply?
The management system of the VAT, based on the maintenance of the Tax Registration Books through the Electronic Headquarters of the Tax Agency by means of the quasi-immediate supply of the billing records, will be applied compulsorily by all those taxpayers whose obligation to self-assess the VAT be monthly:
-
Large Businesses (turnover of over €6,010,121.04)
-
Groups of VAT
-
Registered in the REDEME (Monthly Refund Registry) VAT)
-
Holders of tax warehouses for gasoline, diesel or biofuels included in the objective scope of the Hydrocarbon Tax, as well as entrepreneurs or professionals who extract these products from tax warehouses (from 01/01/2025).
Without altering the settlement period, the employer may choose to apply it voluntarily. The option to apply the SII can be made at any time by submitting form 036, being included from the day following the end of the settlement period in which said option was exercised. The option will be extended in subsequent years as long as it is not renounced, which must be done in the census declaration of the month of November prior to the calendar year in which it must take effect.