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 from previous years, when completing the corresponding box on pages 12 and 13, it will be displayed simultaneously in the Companies WEB form the breakdown table “Details of the corrections to the result of the profit and loss account (excluding the correction for Corporate Tax)” on page 19 of form 200. This information, once completed, will be grouped in the detail table contained on pages 26 bis to 26 exies of model 200.
In this case, the box corresponding to Increases of « Temporary corrections originating in previous years » of the part of the table dedicated to « Exercise corrections. Likewise, the box for Future increases of Temporary corrections in the columns corresponding to " Outstanding balance at the beginning of the year" must be completed. and « Outstanding balance at the end of the year» because the negative adjustment at source reverts through positive extra-accounting adjustments, which means future increases in the tax base . As for the Future Increases box in the column “Pending balance at the beginning of the year”, it must be completed for the same amount that was entered in the Future Increase box in the “ Outstanding balance at the end of the year" of the settlement of the previous tax period. On the other hand, with respect to the column « Outstanding balance at the end of the financial year » the box for future increases must be completed. The balance in this box will decrease until it becomes zero, when the entire amount has been reversed.
For all of the above, during the tax periods in which the correction reverts because it has its origin in previous years, in the part of the table corresponding to « Pending balance in order to exercise» the box of Future increases of Temporary corrections will decrease in value with with respect to the Balance of the previous year in the amount of the positive correction of this year. With all this, the « Outstanding balance at the end of the year » will reflect the total amount pending to be reversed in subsequent years. Since this balance is included in the part of future increases, it tells us that this amount is being reversed through positive extra-accounting adjustments.
Example
Starting from the example posed in the case of negative temporary correction originating in the year, we continue with the years 2024, 2025 and 2026 .
The Joint Stock Company "D", which in 2022 meets the requirements for the application of tax incentives for small-sized companies, acquires a computer, making it available and operating the July 1, 2022 , all for an amount of 6,000 euros. It is estimated that the residual value of the element is insignificant, so the amortizable value coincides with the acquisition price.
The company decides to carry out the accounting depreciation of the computer according to 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 multiplier 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 multiplier coefficient: 2 x 25% = 50%.
- Accelerated amortization that could be practiced: 6,000 x 50% = 3,000 euros.
- Deductible tax amortization: 1,500 euros (this is the value of the asset pending tax amortization)
- The accounting amortization carried out by Company “D” in fiscal year 2024 will be as follows:
6,000 x 25% = 1,500 euros
Decrease in the result of the profit and loss account to be recorded in box [00314]: 1,500 – 1,500 = 0 euros
Therefore, in exercise 2022 and following , the corrections to be made in 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 year-end | |
|---|---|---|---|---|---|---|
| + | - | |||||
| 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 | Rest of active value = 1,500 | 6,000 x 25% = 1,500 | --- | --- | --- | 2,250 |
| 2025 | --- | 6,000 x 25% = 1,500 | 1,500 | --- | [00313] | 750 |
| 2026 | --- | Rest active value = 750 | 750 | --- | [00313] | 0 |
Total tax amortization = 1,500 + 3,000 + 1,500 = 6,000
Total accounting amortization = 750 + 1,500 + 1,500 + 1,500 + 750 = 6,000
In the WEB Companies form, in fiscal year 2024 , no extra-accounting adjustment will be made because accounting amortization coincides with tax amortization. In fiscal year 2024 box [00314] will not be completed, but must check that the « Outstanding balance at the end of the financial year» is correct , to do this you must go to the box [00314] and the table on page 19 of the model will be displayed 200 and it must be verified that the box for Future increases of Temporary corrections of the part corresponding to Outstanding balance at the beginning and end of exercise , has a value of 2,250 euros, which is the accumulated balance of 2022 and 2023 .
In fiscal year 2025 the tax adjustments will be as follows:
- Deductible tax amortization: 0 euros (because the asset is already fiscally depreciated)
- The accounting amortization carried out by Company “D” in fiscal year 2024 will be as follows:
6,000 x 25% = 1,500 euros
Increase in the result of the profit and loss account to be entered in box [00313]: 1,500 euros
In the WEB Companies form, in fiscal year 2025 , when the box [00313] is to be completed, the table on page 19 of the model will be displayed 200 and the box «Increases in temporary corrections originating from previous years» in the part of the table dedicated to « Corrections for the year» must be completed for an amount of 1,500 euros. The form will transfer the information to box box [03193] “Temporary (originating from previous years)” on page 26d 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 source , the box must be completed of Increases future of Temporary corrections for the amount of 2,250 euros since this is the value of the box of Future increase of the “Outstanding balance at the end of the year” column of year 2024 , is that is, the accumulated of 2022, 2023 and 2024 .
Regarding the part corresponding to " Outstanding balance at the end of the year" , as it is a negative adjustment at source , the box must be completed Increases futures of Temporary corrections worth 750 euros (2,250 – 1,500), which is the s aldo outstanding at the beginning of the year reduced by the reverted amount of 1,500 euros in 2025 . The form will transfer the completed information to box box [03194] “Outstanding balance at the beginning of the year” on page 26d of form 200.
Detail of the corrections to the result of the profit and loss account (excluding the correction for IS ) (page 19 of model 200)
| Total | 2,250 | --- | 1,500 | --- | 750 | --- |
| Fiscal year 2025 tax corrections | Outstanding balance at beginning of year | Exercise corrections | Outstanding balance ending of fiscal year | |||
|---|---|---|---|---|---|---|
| Future increases | Future declines | Increases | Decreases | Future increases | Future declines | |
| Permanent fixes | --- | --- | --- | --- | --- | --- |
| Temporary corrections with origin in the year |
2,250 | --- | --- | --- | 750 | --- |
| Temporary corrections originating in previous years |
1,500 | --- | ||||
Detail table of the corrections to the result of the profit and loss account (excluding the correction by the IS) (page 26 bis to 26 e of model 200)
| Settings detail | Type | Outstanding balance at the beginning of the year | Exercise corrections | Outstanding balance at year-end | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin during the 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 fiscal year 2026 the tax adjustments will be as follows:
- Deductible tax amortization: 0 euros (because the asset is already fiscally depreciated)
- The accounting amortization carried out 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 result of the profit and loss account to be entered in box [00313]: 750 euros
In the WEB Companies form, in the year 2026 , when the box [00313] is to be completed, the table on page 19 of form 200 will be displayed and the box must be completed Increases ##2##of « Temporary corrections originating from previous years» of the part of the table dedicated to «Corrections of the year» for the amount of 750 euros. The form will transfer the completed information to box box [03193] “Temporary (originating in previous years)” on page 26d 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 source , the box must be completed of Future increases of Temporary corrections in the amount of 750 euros, since this is the value in the box of future increase of the column Outstanding balance at the end of the fiscal year of the fiscal year 2025 .
On the other hand, with respect to the part corresponding to " Outstanding balance at the end of the year" , the box for future increases of must be completed Temporary corrections ##3##worth 0 euros (750 - 750), since there is no outstanding balance due to the fact that in this year they have reverted the 750 euros that remained as outstanding balance at the beginning of this year. The form will show 0 in box [03195] “Outstanding balance at year-end” on page 26d of form 200.
Detail of the corrections to the result of the profit and loss account (excluding the correction by the IS) (page 19 of model 200)
| Total | 750 | --- | 750 | --- | --- | --- |
| Fiscal year 2026 tax corrections | Outstanding balance at beginning of year | Exercise corrections | Outstanding balance ending of fiscal year | |||
|---|---|---|---|---|---|---|
| Future increases | Future declines | Increases | Decreases | Future increases | Future declines | |
| Permanent fixes | --- | --- | --- | --- | --- | --- |
| Temporary corrections with origin in the year |
750 | --- | --- | --- | --- | --- |
| Temporary corrections originating in previous years |
750 | --- | ||||
Detail table of the corrections to the result of the profit and loss account (excluding the correction by the IS) (page 26 bis to 26 e of model 200)
| Settings detail | Type | Outstanding balance at the beginning of the year | Exercise corrections | Outstanding balance at year-end | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin during the year) | Temporary (origin in previous exercises ) | ||||||
| Small companies: accelerated amortization (art. 103 LIS and DT 28 LIS) |
INCREASE | [03194] 750 | --- | --- | [03193] 750 | [03195] 0 | ||