Temporary negative adjustments originating in the financial year
If the taxpayer has to correct the result of the Income Statement that entails a temporary correction negative from the financial year to the accounting result, when completing the corresponding box on pages 12 and 13, it will be shown simultaneously in the Companies WEB form is the breakdown table "Details of the corrections to the profit or loss of the income statement (excluding the correction for Corporation Tax)" on page 19 of form 200. This information, once completed, will be grouped in the detail table in pages 26 bis to 26 pieces of form 200.
In this case, the box corresponding to Decreases of "Temporary corrections resulting from the financial year" of the part of the table dedicated to "corrections for the financial year" must be completed. The Future increases in Temporary corrections in the column corresponding to "Pending balance at the end of the financial year" must also be completed. The reason is that, although it is a negative adjustment at source, it will revert through positive extraaccounting adjustments , this means that this negative temporary correction resulting from the financial year will mean future increases in the taxable base , therefore in the column "Pending balance at the end of the financial year," the column of Future increases must be completed, of this this way, the balance increases year by year if the adjustment continues to be at source or decrease, if this adjustment has started to reverse, but always in the future increase column. Once the first tax period in which the adjustment is made has elapsed, the following settlements must be filled in the future increases in the column "Pending balance at the end of the financial year" for the same amount that was recorded in the future increase in the "Outstanding balance at the end of the financial year" of the settlement of the previous tax period.
For all of the above, during the tax periods in which the Correction originates in the financial year in the table corresponding to the "Pending balance at the end of the financial year" the Future increases in temporary corrections box will increase in value with respect to the balance for the previous year in the amount of the positive correction for this financial year. Therefore, the "Outstanding balance at the end of the financial year" will reflect the total amount pending reversal in subsequent years through positive extraaccounting adjustments.
Example:
The "D" Company, which in 2021 complies with the requirements for the application of tax incentives for small companies , acquires a computer, making it available and entering into operation on 1 July 2021, all of which is for an amount of 6,000 euros. The residual value of the element is estimated to be insignificant, so the depreciable value coincides with the acquisition price.
The company decides to make the accounting depreciation of the computer according to the technical depreciation it estimates, which is the result of applying a coefficient of 25%. The bank also decides to make the tax deductible amortisation of the computer by applying the multiplier coefficient of 2 referred to in article 103 of the LIS.
The financial year of the company coincides with the calendar year. The tax deductible amortisation in 2021 will be as follows:
-
Maximum coefficient applicable to the computer according to the officially approved repayment tables: 25%.
-
Application of the multiplier: 2 X 25% = 50%.
-
Accelerated amortisation: 6,000 X 6/12 (1) X 50% = 1,500 euros.
Note (1) The amortisation is carried out from the date the amortised element enters into operation, in this case, on 1 July 2021. Therefore, in this financial year, this amortisation must refer to that made in six months of the year 2021 of the Spanish Corporation Tax Act. (Back)
The accounting amortisation carried out by the Company "D" in 2021 will be as follows:
6,000 X 6/12 (2) X 25% = 750 euros
Note (2) The amortisation is carried out from the date the amortised element enters into operation, in this case, on 1 July 2021. Therefore, in this financial year, this amortisation must refer to that made in six months of the year 2021 of the Spanish Corporation Tax Act. (Back)
Decrease in profit or loss of the income statement to be stated in box [00314]: 1,500-750 = 750 Euros
Therefore, in the 2021 and following financial years, the corrections to be made in the boxes [00313] and [00314] "Differences between accounting and tax depreciation (article 12,1 of the Spanish Corporation Tax Act)" on page 12 of form 200 will be:
| Financial year | Tax amortisation | Accounting depreciation | Corrections | Form 200 | Balance at the end of the financial year | |
|---|---|---|---|---|---|---|
| + | - | |||||
| 2021 | 6,000 X 0.5 x 50% = 1,500 | 6,000 X 0.5 x 25% = 750 | --- | 750 | [00314] | 750 |
| 2022 | 6,000 X 50% = 3,000 | 6,000 X 25% = 1,500 | --- | 1,500 | [00314] | 2,250 |
| 2023 | Other asset value = 1,500 | 6,000 X 25% = 1,500 | --- | --- | --- | 2,250 |
| 2024 | --- | 6,000 X 25% = 1,500 | 1,500 | --- | [00313] | 750 |
| 2025 | --- | Other asset value = 750 | 750 | --- | [00313] | 0 |
Total tax depreciation = 1,500 + 3,000 + 1,500 = 6,000
Total accounting depreciation = 750 + 1,500 + 1,500 + 1,500 + 750 = 6,000
In the Companies WEB form, in 2021 when the box [00314] is going to be filled in, the table will be displayed from page 19 of Form 200 and the "Temporary corrections" box must be completed in the exercise "of the part of the table dedicated to" Corrections in the financial year "for an amount of 750 euros . The form will transfer the completed information to the box [03197] "Timetable (from the financial year)" on page 26 quinquies of form 200. In addition, in the table shown on page 19, the part corresponding to "Pending balance at the end of the financial year" must be completed , as we are in the event of a negative adjustment at source, the Future increases box for Temporary corrections must be completed arias for a value of 750 euros , because this negative temporary difference at source will revert through extraaccounting adjustments and will entail future increases in the taxable base. The form will transfer the completed information to the box [03195] "Pending balance at the end of the financial year" on page 26 quinquies of form 200.
Details of the corrections to profit or loss of the income statement (excluding the correction for IS) (page 19 of form 200)
| Total | --- | --- | --- | 750 | 750 | --- |
| Fiscal year 2021 tax corrections | Balance pending at the start of the financial year ##44441## ##44441## | Corrections for the financial year | Balance pending end of financial year ##44441## ##44441## | |||
|---|---|---|---|---|---|---|
| Future increases | Future decreases | Increases | Decreases | Future increases | Future decreases | |
| Permanent corrections | --- | --- | --- | --- | --- | --- |
| Temporary corrections resulting from the financial year ##44441## ##44441## | --- | --- | --- | 750 | 750 | --- |
| Temporary corrections originating in previous years ##44441## ##44441## | --- | --- | ||||
Table of Details of corrections to profit or loss of profit or loss (excluding the correction for the Corporation Tax Act) (page to 26 years of form 26) 200
| Details of adjustments | Type | Outstanding balance at the start of the financial year ##44441## ##44441## | Corrections for the financial year | Outstanding balance at the end of the financial year ##44441## ##44441## | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin in the financial year) | Temporary (origin in previous years) ##44442## ##44442## | ||||||
| Small companies: Accelerated depreciation (art. 103 of the Spanish Corporation Tax Act and DT 28 of the Spanish Corporation Tax Act) ##44441## ##44441## | Increase | --- | --- | --- | --- | [03195] 750 | ||
| Small companies: Accelerated depreciation (art. 103 of the Spanish Corporation Tax Act and DT 28 of the Spanish Corporation Tax Act) ##44441## ##44441## | Decrease | --- | --- | [03197] 750 | --- | --- | ||
In 2022:
- Accelerated amortisation: 6,000 X 50% = 3,000 euros.
- The accounting amortisation carried out by the Company "D" in 2022 will be as follows: 6,000 X 25% = 1,500 euros
Decrease in profit or loss of the income statement to be stated in box [00314]: 3,000-1,500 = 1,500 Euros
In the WEB Corporation Tax form, in 2022, this adjustment will continue to be a temporary correction from the financial year , therefore, in the same way as in 2021, when you are going to fill in the box [00314], the table will be displayed from page 19 of Form 200 and the Decreases box for "Temporary corrections with origin must be completed in the financial year "of the part of the table dedicated to" corrections in the financial year "for an amount of 1,500 euros. The form will transfer the information to the box [03197] "Timetable (from the financial year (" on page 26 quinquies of form 200.
In addition, the part corresponding to "Pending balance at the start of the financial year" must be completed in the table on page 19. As we are in the event of a negative adjustment at source, the Future increases box for Temporary corrections must be completed arias for an amount of 750 euros , as this is the value of the future increase box in the " Outstanding balance at the end of the financial year" column for 2021.
As for the portion corresponding to "Pending balance at the end of the financial year", as this is a negative adjustment at source , the Increase in the future of Temporary corrections box must be completed because this negative temporary difference at source it will revert through positive extraaccounting adjustments and will entail future increases in the taxable base. The amount of the aforementioned box will be 2,250 euros (750 + 1,500), which is the accumulated balance of 2021 and 2022. The form will transfer the information to the box [03195] "Pending balance at the end of the financial year" on page 26 quinquies of form 200.
Details of the corrections to profit or loss of the income statement (excluding the correction for the Corporation Tax Act) (page 19 of form 200)
| Total | 750 | --- | --- | 1,500 | 2,250 | --- |
| Fiscal year 2022 tax corrections | Balance pending at the start of the financial year ##44441## ##44441## | Corrections for the financial year | Balance pending end of financial year ##44441## ##44441## | |||
|---|---|---|---|---|---|---|
| Future increases | Future decreases | Increases | Decreases | Future increases | Future decreases | |
| Permanent corrections | --- | --- | --- | --- | --- | --- |
| Temporary corrections resulting from the financial year ##44441## ##44441## | 750 | --- | --- | 1,500 | 2,250 | --- |
| Temporary corrections originating in previous years ##44441## ##44441## | --- | --- | ||||
Table of Details of corrections to profit or loss of profit or loss (excluding the correction for the Corporation Tax Act) (page to 26 years of form 26) 200
| Details of adjustments | Type | Outstanding balance at the start of the financial year ##44441## ##44441## | Corrections for the financial year | Outstanding balance at the end of the financial year ##44441## ##44441## | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin in the financial year) | Temporary (origin in previous years) ##44442## ##44442## | ||||||
| Small companies: Accelerated depreciation (art. 103 of the Spanish Corporation Tax Act and DT 28 of the Spanish Corporation Tax Act) ##44441## ##44441## | Increase | [03194] 750 | --- | --- | --- | [03195] 2,250 | ||
| Small companies: Accelerated depreciation (art. 103 of the Spanish Corporation Tax Act and DT 28 of the Spanish Corporation Tax Act) ##44441## ##44441## | Decrease | --- | --- | [03197] 1,500 | --- | --- | ||