Start or cessation of activities under the special system
In this section we distinguish between:
Beginning: must settle and pay the amount resulting from applying the rates and surcharge in force on the starting date to the acquisition value of the stock, VAT excluded.
It does not apply if the stock was acquired from a trader subject to the special scheme for non-subject transfer of business assets.
Termination due to loss of retail status: may deduct the amount resulting from applying the rates and surcharges in force on the date of cessation to the acquisition value of the stock, VAT and surcharges excluded.
Termination due to a non-subject transfer of business assets to traders not subject to this regime: the acquirer can deduct the tax liability resulting from applying the rates in force on the day of the transfer to the market value of the stock.
In such cases, taxable persons should take inventories of their commercial stocks with reference to the day before the day of commencement or cessation.This inventory must be submitted within 15 days of the start or cessation of the activity and can be presented at the Delegation or Administration of the AEAT of the tax domicile or electronically through the procedure set up at the E-Office for the presentation of the inventory of stocks due to the start or cessation of an activity subject to special regimes of VAT.
The income or deductions must be made in the self-assessments for the settlement period in which the scheme commences or ceases to apply.