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, excluding VAT and surcharges.
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 make 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 from the start or cessation of the activity and can be submitted at the Delegation or Administration of the AEAT of the tax domicile or electronically via the procedure set up at the E-Office for the submission of the inventory of stocks due to the start or cessation of the activity subject to special VAT regimes.
The income or deductions must be made in the self-assessments for the settlement period in which the scheme commences or ceases to apply.