Temporary positive adjustments originating in previous financial years
In the event that the taxpayer has to make a correction to the result of the Profit and Loss Account that involves a temporary positive correction originating in previous years, when completing the corresponding box on pages 12 and 13, the breakdown table "Details of corrections to the result of the profit and loss account (excluding the correction for Corporate Tax)" on page 19 of form 200 will be displayed simultaneously in the Sociedades WEB form. This information, once completed, will be grouped in the detail table contained on pages 26 bis to 26 sexies of form 200.
In this case, the box corresponding to Increases of « Temporary corrections originating in previous years» of the section of the table dedicated to «Corrections of the year» must be completed. Likewise, the box for Future increases of Temporary corrections must be completed in the columns corresponding to " Outstanding balance at the beginning of the year" and " Outstanding balance at the end of the year" because the negative adjustment at source is reversed through positive extra-accounting adjustments, which entails future increases in the tax base . As for the Future increases box in the “Pending balance at the beginning of the year” column, it must be filled in with the same amount that was entered in the Future increase box in the “Pending balance at the end of the year” column of the settlement of the previous tax period. On the other hand, regarding the column " Outstanding balance at the end of the fiscal year" the box for future increases must be completed. The balance in this box will decrease until it reaches zero, when the total amount has been reversed.
For all the above, during the tax periods in which the correction reverses because it originates in previous years, in the part of the table corresponding to " Outstanding balance at the end of the year" the box for Future increases of Temporary corrections will decrease its value with respect to the Balance of the previous year by the amount of the positive correction for this year. With all this, the " Outstanding balance at the end of the fiscal year" will reflect the total amount pending reversal in subsequent fiscal years. Since this balance is included in the future increases section, it indicates that this amount is being reversed through positive extra-accounting adjustments.
Example
Starting from the example presented in the case of a negative temporary correction originating in the fiscal year, we continue with the years 2024, 2025 and 2026 .
Public limited company "D", which on 2022 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 2022 , 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 amortize the computer based on its estimated technical depreciation, which is the result of applying a coefficient of 25 percent. 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 financial year of the entity coincides with the calendar year. The tax-deductible amortization in fiscal year 2024 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 that could be practiced: 6,000 x 50% = 3,000 euros.
- Tax deductible amortization: 1,500 euros (this is the value of the asset pending tax amortization)
- The accounting amortization made by Company "D" in fiscal year 2024 will be as follows:
6,000 x 25% = 1,500 euros
Decrease in the profit and loss account result to be recorded in box [00314]: 1,500 – 1,500 = 0 euros
Therefore, in the exercise 2022 and following , the corrections to be made in the boxes [00313] and [00314] "Differences between accounting and tax amortization (art. 12.1 LIS)" on page 12 of form 200 will be:
| Financial year | Tax amortization | Accounting amortization | Corrections | Form 200 | Balance at the end of the year | |
|---|---|---|---|---|---|---|
| + | - | |||||
| 2022 | 6,000 x 0.5 x 50% = 1,500 | 6,000 x 0.5 x 25% = 750 | --- | 750 | [00314] | 750 |
| 2023 | 6,000 x 50% = 3,000 | 6,000 x 25% = 1,500 | --- | 1,500 | [00314] | 2.250 |
| 2024 | Remaining asset value = 1,500 | 6,000 x 25% = 1,500 | --- | --- | --- | 2.250 |
| 2025 | --- | 6,000 x 25% = 1,500 | 1,500 | --- | [00313] | 750 |
| 2026 | --- | Remaining asset value = 750 | 750 | --- | [00313] | 0 |
Total tax amortization = 1,500 + 3,000 + 1,500 = 6,000
Total accounting depreciation = 750 + 1,500 + 1,500 + 1,500 + 750 = 6,000
In the WEB Companies form, in the fiscal year 2024 , no extra-accounting adjustment will be made because the accounting amortization coincides with the tax amortization. In the exercise 2024 box [00314] will not be filled in, but it must be checked that the " Outstanding balance at the end of the year" is correct , for this you must go to box [00314] and the table on page 19 of form 200 will be displayed and you must check that the box for Future increases of Temporary corrections of the part corresponding to Outstanding balance at the beginning and end of the year , has a value of 2,250 euros, which is the accumulated balance of 2022 and 2023 .
In the fiscal year 2025 the fiscal adjustments will be as follows:
- Tax deductible amortization: 0 euros (because the asset has already been fiscally amortized)
- The accounting amortization made by Company "D" in fiscal year 2024 will be as follows:
6,000 x 25% = 1,500 euros
Increase in the profit and loss account result to be recorded in box [00313]: 1,500 euros
In the WEB Companies form, in the fiscal year 2025 , when box [00313] is to be filled out, the table on page 19 of form 200 will be displayed and box “Temporary correction increases originating in previous fiscal years” must be filled out in the part of the table dedicated to “ Corrections for the fiscal year” for an amount of 1,500 euros. The form will transfer the information to box [03193] “Temporary (originating from previous fiscal years)” on page 26 quinquies of form 200.
Likewise, the part corresponding to " Outstanding balance at the beginning of the year" must be completed, as we are dealing with a negative adjustment at origin , the box for Future increases of Temporary corrections must be completed for an amount of 2,250 euros since this is the value of the box for Future increase of the "Outstanding balance at the end of the year" column for fiscal year 2024 , that is, the accumulated for 2022, 2023 and 2024 .
Regarding the part corresponding to " Outstanding balance at the end of the year" , since it is a negative adjustment at origin , the box for Future increases Temporary corrections must be completed for an amount of 750 euros (2,250 - 1,500), which is the s outstanding balance at the beginning of the year reduced by the reversed amount of 1,500 euros in 2025 . The form will transfer the completed information to box [03194] "Outstanding balance at the beginning of the year" on page 26 quinquies of form 200.
Detail of the corrections to the profit and loss account result (excluding the correction for IS ) (page 19 of form 200)
| Total | 2.250 | --- | 1,500 | --- | 750 | --- |
| Exercise 2025 tax corrections | Outstanding balance at beginning of fiscal year | Exercise corrections | Outstanding balance end of fiscal year | |||
|---|---|---|---|---|---|---|
| Future increases | Future decreases | Increases | Decreases | Future increases | Future decreases | |
| Permanent corrections | --- | --- | --- | --- | --- | --- |
| Temporary corrections with origin in the fiscal year |
2.250 | --- | --- | --- | 750 | --- |
| Temporary corrections with origin in previous years |
1,500 | --- | ||||
Table of details of corrections to the profit and loss account result (excluding the correction for IS) (page 26 bis to 26 sexies of form 200)
| Detail of settings | Type | Outstanding balance at the beginning of the fiscal year | Exercise corrections | Outstanding balance at the end of the fiscal year | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin in the fiscal year) | Temporary (origin in previous exercises ) | ||||||
| Small companies: accelerated amortization (art. 103 LIS and DT 28 LIS) |
INCREASE | [03194] 2.250 | --- | --- | [03193] 1,500 | [03195] 750 | ||
In the fiscal year 2026 the fiscal adjustments will be as follows:
- Tax deductible amortization: 0 euros (because the asset has already been fiscally amortized)
- The accounting amortization made by Company "D" in fiscal year 2026 will be 750 euros because it is the value of the asset pending accounting amortization.
Increase in the profit and loss account result to be recorded in box [00313]: 750 euros
In the WEB Companies form, in fiscal year 2026 , when box [00313] is to be filled in, the table on page 19 of form 200 will be displayed and box Increases of « Temporary corrections originating in previous fiscal years» of the part of the table dedicated to «Corrections for the fiscal year» for an amount of 750 euros must be filled in. The form will transfer the completed information to box [03193] "Temporary (originating in previous years)" on page 26 quinquies of form 200.
Likewise, the part corresponding to " Outstanding balance at the beginning of the year" must be completed, as we are dealing with a negative adjustment at origin , the box for Future increases of Temporary corrections must be completed for an amount of 750 euros, since this is the value of the box for Future increase of the column for Outstanding balance at the end of the year of the year 2025 .
On the other hand, regarding the part corresponding to " Outstanding balance at the end of the year" , the box for future increases of Temporary corrections must be filled in for a value of 0 euros (750 - 750), since there is no outstanding balance due to the fact that in this year they have reversed the 750 euros that remained as an outstanding balance at the beginning of this year. The form will show 0 in box [03195] "Outstanding balance at the end of the year" on page 26 quinquies of form 200.
Detail of corrections to the profit and loss account result (excluding the correction for IS) (page 19 of form 200)
| Total | 750 | --- | 750 | --- | --- | --- |
| Exercise 2026 tax corrections | Outstanding balance at beginning of fiscal year | Exercise corrections | Outstanding balance end of fiscal year | |||
|---|---|---|---|---|---|---|
| Future increases | Future decreases | Increases | Decreases | Future increases | Future decreases | |
| Permanent corrections | --- | --- | --- | --- | --- | --- |
| Temporary corrections with origin in the fiscal year |
750 | --- | --- | --- | --- | --- |
| Temporary corrections with origin in previous years |
750 | --- | ||||
Table of details of corrections to the profit and loss account result (excluding the correction for IS) (page 26 bis to 26 sexies of form 200)
| Detail of settings | Type | Outstanding balance at the beginning of the fiscal year | Exercise corrections | Outstanding balance at the end of the fiscal year | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin in the fiscal year) | Temporary (origin in previous exercises ) | ||||||
| Small companies: accelerated amortization (art. 103 LIS and DT 28 LIS) |
INCREASE | [03194] 750 | --- | --- | [03193] 750 | [03195] 0 | ||