Practical example
Mr. “XX” has been operating a Cafeteria, section 672.1, since 2020.
The activity is carried out in a rented premises for which he pays 760 euros per month (plus VAT ). Since it began, the taxpayer is covered by the simplified VAT regime and has developed the activity with the following elements:
-
Electrical power: 20 kw
-
Tables:
-
4 tables for 4 people
-
2 tables for 2 people
-
-
Type "B" machines: 2 machines
As for the staff employed in the business, the owner and 2 full-time employees work throughout the year; an 18-year-old worker 900 hours, since February 1, and two workers, from July 1 to September 30, who have worked 720 hours each.
In 2023, the number of workers was 2 full-time workers throughout the year plus the owner of the activity.
Other data to take into account:
-
On July 1, 2024, he purchased an electric oven for 450 euros and on October 13, he replaced the furniture for 2,000 euros.
-
On November 30, he purchased napkins, coasters and other materials in Portugal for 2,500 euros.
-
At the end of the year, the total amount of VAT incurred on current operations amounts to 9,330 euros.
-
Calculate the income on account for the first three quarters.
-
Determine the annual fee for the activity.
-
Determine the result of the final self-assessment of the fourth quarter.
-
-
In 2024, the volume of operations under the simplified regime amounted to 130,000 euros.
Solution:
-
Calculation of income on account:
Activity: cafeteria
Heading IAE : 672.1, 2 and 3Module Definition Unit Annual accrued fee per unit 1 Staff employed Person 2,356.07 2 Electrical power Contracted kW 124,00 3 Tables Table 70.86 4 Type "A" machines Type "A" machine 221.43 5 Type "B" machines Type "B" machine 832.60 6 Lottery commissions Euro 0.21 Minimum fee for current operations: 13% of the fee accrued for current operations Base data as of January 1, 2024:
-
Annual activity fee:
Activity: cafeteria
IAE heading: 672.1, 2 and 3Module Definition Unit Annual accrued fee per unit 1 Staff employed Person 2,356.07 2 Electrical power Contracted kW 124,00 3 Tables Table 70.86 4 Type "A" machines Type "A" machine 221.43 5 Type "B" machines Type "B" machine 832.60 6 Lottery commissions Euro 0.21 Minimum fee for current operations: 13% of the fee accrued for current operations Amount due for current operations:
Fee derived from the simplified regime: the largest of the following amounts:
-
Amount due for current operations: 14,159.39 euros
Fees supported by current operations:
(*) The fees borne by the rental of the premises are fees borne by current operations and, therefore, are included in the total amount for this concept. If the premises were owned, the fees incurred in its acquisition would be deductible as fixed assets.
-
Minimum fee: (13% of 14,159.39 euros): 1,840.72 euros
Therefore, the fee derived from the simplified regime is 4,687.80 euros
Annual fee:
Final self-assessment result:
Result of 4th quarter declaration: 3.310,17 euros
(See 4T of model 303 )
-