Rectifying deductions
The cases of rectification of deductions are:
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Incorrect determination of deductions.
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Rectification of fees charged by:
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Incorrect determination.
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Modification of the tax base.
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If the rectification involves an increase in installments , it can be made in the self-assessment of the period in which the taxpayer receives the corrective invoice or in the following declarations, provided that four years have not passed since the accrual of the tax or since the circumstances determining the modification of the tax base have occurred.
If the rectification does not have a cause in the modification of the tax base, it cannot be made after one year from the issuance of the corrective invoice.
If the rectification involves a reduction in quotas, is mandatory and must be carried out:
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If it is due to error based on law or modification of the tax base: in the self-assessment of the period in which the corrective invoice was received.
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In the event of insolvency or if the taxable transaction becomes void as a result of the exercise of a bankruptcy reintegration action or other challenges exercised in the within the bankruptcy, if the initial buyer or acquirer is also in bankruptcy: in the self-assessment of the period in which the right to deduct the contributions paid was exercised, without applying surcharges or late payment interest.
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If it is for another cause: You must submit a corrective self-assessment, applying the applicable late payment surcharge and interest, according to article 27 of Law 58/2003, of December 17, General Tax.
A « Calculator modification BI and other rectifications has been incorporated into the electronic headquarters of the AEAT ##1## and other rectifications », where you can consult the deadline to modify the input VAT deducted when the circumstances provided for in article 80 of the LIVA or an error occur . It also facilitates the period and exercise of form 303.
Passed-on fees | Rectification procedure | Fees deducted |
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Variation type | Variation type | |
Increase |
|
Decrease |
Decrease |
|
Increase |