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 [ ] and [00314] "Small companies: accelerated amortization (art. 103 LIS and DT 28 LIS)» on page 13 of form 200:
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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.
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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 section Free depreciation ).
Example 1:
The Public Limited Company "L", which on 2022 meets the requirements for the application of tax incentives for small companies, acquires a computer, making it available and coming 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 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 fiscal year 2022 will be as follows:
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Maximum coefficient applicable to the computer according to the officially approved amortization tables: 25%.
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Application of the multiplying coefficient: 2 x 25% = 50%.
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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, 2022 . Therefore, in this exercise, said amortization must refer to that carried out in six months of year 2022 of the LIS. (Back)
The accounting amortization made by Company "L" in fiscal year 2022 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, 2022 . Therefore, in this exercise, said amortization must refer to that carried out in six months of year 2022 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 exercise 2022 and following , the corrections to be made (boxes [00313] and [00314]) will be:
| Financial year | Tax amortization | Accounting amortization | Corrections | Form 200 | |
|---|---|---|---|---|---|
| + | - | ||||
| 2022 | 6,000 x 0.5 x 50% = 1,500 | 6,000 x 0.5 x 25% = 750 | --- | 750 | [00314] |
| 2023 | 6,000 x 50% = 3,000 | 6,000 x 25% = 1,500 | --- | 1,500 | [00314] |
| 2024 | Remaining asset value = 1,500 | 6,000 x 25% = 1,500 | --- | --- | --- |
| 2025 | --- | 6,000 x 25% = 1,500 | 1,500 | --- | [00313] |
| 2026 | --- | 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 2022 meets the requirements to be able to apply the tax incentives provided for small entities, acquires on January 1, 2022 , 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:
2021 : 2 full-time workers all year round
2022 :
- 3 full-time workers hired on 1-02- 2022
- 1 part-time worker hired on 09-01- 2022
2023 : On 1-01- 2023 the worker hired part-time on 1-09- 2022 is not renewed
The entity in 2022 estimated that in 2023 they would not renew the worker hired in that year on a part-time basis, so the calculations in 2022 are correct and in 2023 there would be no need to regularize.
The average staff size is:
Average squad ( 2022 and 2023 ) = [(2 x 31) + (5 x 212) + (5.5 x 122) + (5 x 365)] ÷ 730 = 3,618 ÷ 730 = 4.95
Average squad in 2021 = 2
Δ Template = 2.95 (4.95 - 2)
This increase must be maintained in 2024 and 2025 .
The financial year of the entity coincides with the calendar year. The tax-deductible amortization in fiscal year 2022 will be as follows:
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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
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Accelerated amortization practiced (art. 103 LIS): 60,000 x 2 = 120,000
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Freedom of amortization practiced (art. 102 LIS): 120,000 x 2.95 = 354,000
The accounting amortization made by entity "S" in fiscal year 2022 is as follows:
500,000 X 0.20 = 100,000
Therefore, the accounting and tax depreciation in the different years will be:
| Financial year | Accounting amortization | Tax amortization | Corrections | Form 200 | |
|---|---|---|---|---|---|
| + | - | ||||
| 2022 | 100,000 | 354,000 | --- | 254,000 | [00312] |
| 2023 | 100,000 | 120,000 | --- | 20,000 | [00314] |
| 2024 | 100,000 | 26,000 | 74,000 | --- | [00311] |
| 2025 | 100,000 | --- | 100,000 | --- | [00311] |
| 2026 | 100,000 | --- | 80,000 | --- | [00311] |
| 2026 | --- | --- | 20,000 | [00313] | |