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Practical Manual for Companies 2021.

Accelerated depreciation (boxes 00313 and 00314)

According to the provisions of the first paragraph of article 11.3 of the LIS , the deduction of the excess of tax amortization by applying accelerated amortization with respect to accounting amortization is not subject to its accounting registration in the profit and loss account.

Therefore, small companies eligible for the tax incentive for accelerated depreciation under the terms of article 103 of the LIS must make the following adjustments in boxes [00313] and [00314] "Small companies: accelerated amortization (art. 103 LIS and DT 28 LIS)» on page 13 of form 200:

  • In box [00314] of decreases you must include the amount of excess of the tax amortization over the accounting amortization of the asset in the tax period subject to declaration. And in the tax periods subsequent to the one in which the asset in question has been fully amortized for tax purposes, they must include in box [00313] of increases the amount of the corresponding accounting amortizations that they carry out in them.

  • In the tax period in which the transfer of the asset subject to accelerated depreciation occurs, you must include in box [00313] of increases, the amount of corresponding negative adjustments made and pending positive integration into the tax base.

Below is an example of how small entities apply accelerated depreciation, and another on how these entities apply free depreciation and accelerated depreciation together, as well as how they should transfer these calculations to Form 200 (you can consult an example on how to apply free depreciation in the section " Free depreciation ").

Example 1:

The Public Limited Company "L", which in 2021 meets the requirements for the application of tax incentives for small companies, acquires a computer, which will be made available and put into operation on July 1, 2021, all for an amount of 6,000 euros. The residual value of the item is estimated to be insignificant, so the amortizable value coincides with the acquisition price.

The company decides to record the depreciation of this computer by applying the maximum depreciation coefficients.

The entity also decides to carry out the tax-deductible amortization of the computer by applying the multiplying coefficient of 2 referred to in article 103 of the LIS. The entity also decides to amortize the computer based on its estimated technical depreciation, which is the result of applying a coefficient of 25%.

The financial year of the entity coincides with the calendar year. The tax-deductible amortization in the 2021 financial year will be as follows:

  • Maximum coefficient applicable to the computer according to the officially approved amortization tables: 25%.

  • Application of the multiplying coefficient: 2 x 25% = 50%.

  • Accelerated amortization practiced: 6,000 x 0.5 (1) x 50% = 1,500 euros.

    Note 1) Amortization is carried out from the date the amortizable item comes into operation, in this case, July 1, 2021. Therefore, in this exercise, said amortization must refer to the amortization carried out in six months of the year 2021 of the LIS. (Back)

The accounting amortization carried out by Company "L" in the 2021 financial year will be as follows:

6,000 x 0.5 (2) x 25% = 750 euros

Note (2) Amortization is carried out from the date the amortizable item comes into operation, in this case, July 1, 2021. Therefore, in this exercise, said amortization must refer to the amortization carried out in six months of the year 2021 of the LIS. (Back)

Decrease in the profit and loss account result to be recorded in box [00314]: 1,500 - 750 = 750 euros

Therefore, in fiscal year 2021 and following years, the corrections to be made (boxes [00313] and [00314]) will be:

Financial yearTax amortizationAccounting amortizationCorrectionsForm 200
+-
2021 6,000 x 0.5 x 50% = 1,500 6,000 x 0.5 x 25% = 750 --- 750 [00314]
2022 6,000 x 50% = 3,000 6,000 x 25% = 1,500 --- 1,500 [00314]
2023 Remaining asset value = 1,500 6,000 x 25% = 1,500 --- --- ---
2024 --- 6,000 x 25% = 1,500 1,500 --- [00313]
2025 --- Remaining asset value = 750 750 --- [00313]

Total tax amortization = 1,500 + 3,000 + 1,500 = 6,000

Total accounting depreciation = 750 + 1,500 + 1,500 + 1,500 + 750 = 6,000

Example 2 :

Entity "S", which in 2021 meets the requirements to be able to apply the tax incentives provided for small entities, acquires on January 1, 2021, the date on which it is made available to the entity and comes into operation, a new machine for the exercise of its activity for an amount of 500,000 euros.

The entity decides to record the depreciation of the machine by applying the coefficient of 20%.

The entity's workforce is as follows:

2020: 2 full-time workers all year round

2021:

  • 3 full-time workers hired on 02-01-2021
  • 1 part-time worker hired on 09-01-2021

2022: On 01-01-2022, the employee hired part-time on 09-01-2021 is not renewed

In 2021, the entity estimated that in 2022 they would not renew the part-time worker hired in that year, so the calculations in 2021 are correct and in 2022 there would be no need to regularize.

The average staff size is:

Average squad (2021 and 2022) = [(2 x 31) + (5 x 212) + (5.5 x 122) + (5 x 365)] ÷ 730 = 3,618 ÷ 730 = 4.95

Average squad in 2020 = 2

Δ Template = 2.95 (4.95 - 2)

This increase should be maintained in 2023 and 2024.

The financial year of the entity coincides with the calendar year. The tax-deductible amortization in the 2021 financial year will be as follows:

  • Maximum coefficient applicable to the machine according to the amortization tables of art. 12.1a) of the LIS: 12 percent 500,000 x 0.12 = 60,000

  • Accelerated amortization practiced (art. 103 LIS): 60,000 x 2 = 120,000

  • Freedom of amortization practiced (art. 102 LIS): 120,000 x 2.95 = 354,000

The accounting amortization carried out by entity "S" in the 2021 financial year is as follows:

500,000 X 0.20 = 100,000

Therefore, the accounting and tax depreciation in the different years will be:

Financial yearAccounting amortizationTax amortizationCorrectionsForm 200
+-
2021 100,000 354,000 --- 254,000 [00312]
2022 100,000 120,000 --- 20,000 [00314]
2023 100,000 26,000 74,000 --- [00311]
2024 100,000 --- 100,000 --- [00311]
2025 100,000 --- 80,000 --- [00311]
2025 --- --- 20,000 [00313]