5.11.1 Who it applies to
The VAT management system, based on the maintenance of the Tax Record Books through the electronic headquarters of the Tax Agency through the quasi-immediate supply of billing records, will be applied compulsorily for all those taxpayers whose obligation to self-assess VAT is monthly:
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Large Businesses (turnover of over €6,010,121.04)
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VAT Groups
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Registered in the REDEME (Monthly Refund Registry of VAT )
Without altering the settlement period, the businessman can choose to apply it voluntarily. The option to apply SII must be made during the month of November prior to the beginning of the calendar year in which it must take effect by submitting form 036 or, if activities have begun in the current year, when submitting the declaration of commencement of the activity. The option will be extended in subsequent years as long as it is not waived, which must be done in the census declaration for the month of November prior to the calendar year in which it must take effect.