FAQs
The month of February.
From the tax return for 2018, to be filed in 2019, the filing date will be February.
No, they are excluded from this obligation.
A quarterly breakdown shall be generally provided on a quarterly basis, except for that relating to:
to the amounts received in cash, which will continue to be provided on an annual basis.
to the amounts declared by taxpayers who carry out transactions to which the special cash basis system of Law 37/1992, of 28 December, on Value Added Tax is applicable, and the entities to which Law 49/1960, of 21 July, on horizontal property is applicable, which are obliged to provide all the information that they are obliged to include in their annual return, on an annual basis.
to the amounts declared by taxable persons who are recipients of transactions included in the special cash basis scheme, who are obliged to provide the information corresponding to these transactions on an annual basis.
No.
With regard to the information corresponding to 2016 and previous years, taxpayers registered in REDEME were not obliged to file form 347 as they were obliged to file form 340.
With regard to the information corresponding to for the financial year 2017 and subsequent years, taxpayers registered in REDEME are not obliged to file form 347, as they are obliged to keep their VAT registration books through the AEAT e-Office.(they are included in the SII)
A taxable person who ceases to be in REDEME with effect from 1 July 2017, and, in addition, from this date does not incur in any other circumstance to be included in the obligation to keep VAT registration books through the AEAT e-Office (is not included in the SII), will have the following formal obligations with respect to the 2017 financial year:
- For the first half of 2017, you are obliged to file form 340.
- For the second half of 2017, you may be obliged to file form 347, in accordance with the provisions of articles 31 to 35 of Royal Decree 1065/2007, of 27 July.3,005.06 should be calculated for the whole year.Thus, all transactions that do not fully coincide with those already declared in form 340 must be included in form 347.(In the event that operations with a third party that only took place during the period in which the tax returns were filed were listed on form 340, they do not have to be listed on form 347.)
In these cases the exemption from form 390 does not apply.
Transactions shall be deemed to have taken place in the period in which the invoice serving as proof is to be recorded in the register.
Invoices issued must be annotated at the time of settlement and payment of the tax corresponding to these transactions.
Invoices received must be recorded in the order in which they are received and within the settlement period in which they are to be deducted.
However, transactions to which the special cash basis system is applicable shall also be recorded in the calendar year corresponding to the time of full or partial accrual in accordance with the special accrual rule of this special system.
Yes.In the event that the invoice is received by the customer and recorded in a different quarterly period than the one in which the invoice was issued by the supplier, differences will arise.
Example:company X sold company Y for 10,000 euros on 20 March 2014.Company Y received the invoice on 30 April and recorded it in the book of invoices received on that date.
In the 347 of X the indicated operation should be included, with the code "B", in the box corresponding to Q1 and in the 347 of Y it should be included, with the code "A", in the box corresponding to Q2.
These modifying circumstances must be reflected in the calendar quarter in which they have occurred, provided that the result of these modifications exceeds, together with the rest of the operations carried out with the same person or entity in the calendar year, the figure of 3,005.06 euros.
Example 1: In January 2014 entity X (not a large company) sold to Y for €4,000.After 6 months, X has not been paid that amount, and must therefore perform the procedure necessary to modify the gross tax base in the last quarter of 2014.How do you declare these transactions in the 347?You do not have to file form 347 because the annual amount of transactions, in absolute value, is less than 3,005.06 euros:
Annual amount of the transactions = 0 = Sales (4000) - Modif.BI (-4,000)
Example 2: In December 2013 entity X sold to Y for €20,000.In the first quarter of 2014, entity X receives a refund of goods from the previous sale for an amount of 4,000 euros.How do you declare these transactions in the 347?In this case, you must declare the operations in the 347 tax return, as the absolute value of the operations carried out in the same calendar year exceeds 3,005.06 euros.
Fiscal year 2013:Key "B".
Annual amount of operations= 20.000 euros
Amount 1Q=0
Amount 2Q=0
Amount Q3=0
Amount 4Q=20,000
Fiscal year 2014Key "B".
Annual amount of operations= - 4.000
Amount Q1= - 4,000
Amount 2Q=0
Amount Q3=0
Amount 4Q=0
Yes.As long as the annual amount of the operations exceeds €3,005.06, in its absolute value (without sign). This amount will be stated in the tax return with a minus sign.
must be declared in the same register as the rest of the operations, but separately in the boxes corresponding to the quarterly and annual amounts received from operations corresponding to transfers of real estate subject to VAT.
On the other hand, in the boxes corresponding to Annual amount of transactions and Quarterly amount of transactions the amount of transactions including transfers of real estate, but excluding the amounts of insurance transactions (insurance entities) and leases that should be recorded in a separate register, should be entered.
Taxpayers under the special cash basis scheme must report transactions under the special cash basis scheme in accordance with the general accrual rule and also in accordance with the special accrual rule specific to the special scheme.
In addition, all information that they are required to provide in the declaration must be provided on an annual basis.
Example:Supplier X applies the new cash VAT scheme in 2014.In February 2014 it issues 1 invoice to company X for an amount of 4,000 euros.In November 2014 company X pays him €2,500, leaving €1,500 outstanding to be paid in the financial year 2015.How does supplier X declare these transactions in the 347?
In the 2014 financial year:
"Operation key" = "B".
"VAT cash transaction".
"Annual amount of operations" = 4,000 euros.
"Annual amount of accrued transactions on a cash basis" = 2,500.
In the 2015 financial year:
"Operation key" = "B".
"VAT cash transaction".
"Annual amount of operations"= EUR 0.
"Annual amount of accrued transactions on a cash basis" = 1,500.
The taxable persons to whom taxable transactions covered by the
The special cash basis scheme must report them in accordance with the general accrual rule and also in accordance with the special accrual rule specific to the special scheme.
In addition, the information relating to these transactions included in the special cash basis scheme must be provided on an annual basis.
Example:Entrepreneur X is the lessee of business premises from company Z, which has applied the special cash basis scheme in 2014.The annual rent for the financial year 2014 amounts to 10,000 euros, which is paid in full by employer X in the same financial year 2014.How does the employer X declare these transactions in the 347?
In the 2014 financial year:
"Operation key" = "A".
"VAT cash transaction" and "Lease of business premises".
"Annual amount of operations" = 10,000 euros.
"Annual amount of transactions accrued on a cash basis" = 10,000 euros.
From 2014 onwards, entities to which Law 49/1960 of 21 July 1960 on horizontal property is applicable must also report in their annual declaration of transactions with third parties the acquisitions in general of goods or services that they carry out outside of business or professional activities, even if they do not carry out activities of this nature.
These entities must report all their transactions on an annual basis.
Example:The community of owners, H, does not carry out any business or professional activity.During the 2014 financial year, the common areas were refurbished to the tune of 20,000 euros.In addition, the fuel costs for the financial year 2014 amount to 40,000 euros.How are these transactions to be reported in the Declaration?
Fiscal year 2014
A declaration must be submitted for the reform operations:
"Operation key" = "D".
"Annual amount of operations" = 20,000 euros.
Expenditure on fuel should not be reported, as it is excluded from the obligation to report transactions for the supply of electricity, water and fuels as long as they are for community use and consumption.Also excluded are transactions arising from insurance whose purpose is the insurance of property and rights relating to common areas and common elements.