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.
It will be provided on a general basis broken down quarterly , except for the relative:
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to the amounts received in cash, which will continue to be supplied on an annual basis.
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to the amounts declared by taxable persons who carry out operations to which the special regime of the cash criterion of Law 37/1992, of December 28, on Value Added Tax is applicable and, the entities to which it is of application of Law 49/1960, of July 21 on horizontal property, who are obliged to provide all the information that they are obliged to relate in their annual declaration, on a computation basis annual.
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to the amounts declared by the taxable persons who are recipients of the operations included in the special regime of the cash criterion, who will be obliged to provide the information corresponding to these operations on a calculation basis annual.
No.
Regarding the information corresponding to the year 2016 and previous years, taxable persons registered in REDEME were not required to present form 347 since they were required to present form 340.
Regarding the information corresponding to fiscal year 2017 and following years , taxable persons registered with REDEME are not required to present form 347, since they are required to keep their VAT registration books through the electronic headquarters of the AEAT. (they are included in the SII)
A taxable person who ceases to be in REDEME with effect from July 1, 2017, and, furthermore, as of this date, does not incur any other circumstance to be included in the obligation to keep the VAT Record Books through the electronic headquarters of The AEAT (not included in the SII), will have the following formal obligations regarding the 2017 financial year:
- Regarding the first semester of 2017, you have the obligation to present form 340.
- Regarding the second half of 2017, you may be required to present form 347, in accordance with the provisions of articles 31 to 35 of Royal Decree 1065/2007, of July 27. The calculation of the amounts of this obligation, generally 3,005.06 euros, must be computed with respect to the entire year. So, model 347 must include all operations that do not completely coincide with those already declared in model 340. (In the event that form 340 has related operations with a third party that have only taken place during the period in which said statements were presented, they will not have to be related in form 347.)
In these cases the exemption of form 390 does not operate.
The operations will be understood to have occurred in the period in which the registry annotation of the invoice that serves as proof must be made.
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The invoices issued must be noted at the time the settlement and payment of the tax corresponding to said operations is carried out.
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In the invoices received, they must be noted in the order in which they are received and within the settlement period in which their deduction should be made.
However, the operations to which the special regime of the cash criterion applies will also be recorded in the calendar year corresponding to the moment of total or partial accrual in accordance with the special accrual rule of this special regime.
Yes. In the event that the invoice is received by the client and is recorded in a quarterly period different from that in which it was issued by the supplier, differences will arise.
Example: Company X sold to Y for an amount of 10,000 euros on March 20, 2014. Company Y received the invoice on April 30 and recorded it in the book of invoices received on that date.
In 347 of
These modifying circumstances must be reflected in the calendar quarter in which they 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 an amount of 4,000 euros. After 6 months, How do you declare these operations in 347? You should not submit form 347 because the annual amount of the operations, in absolute value, is less than 3,005.06 euros:
Annual amount of operations = 0 = Sale (4000) – Modif. BI (-4,000)
Example 2: In December 2013, entity X sold to Y for an amount of 20,000 euros. In the first quarter of 2014, entity X receives a return of merchandise from the previous sale worth 4,000 euros. How do you declare these operations in 347? In this case, you must declare the operations in 347 since it is taken into account that 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 1T=0
Amount 2T=0
Amount 3T=0
Q4 amount=20,000
Fiscal year 2014: Key “B”
Annual amount of operations = - 4,000
Amount 1T= - 4,000
Amount 2T=0
Amount 3T=0
Amount 4T=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.
They must be declared in the same registry as the rest of 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 operations and Quarterly amount of operations the amount of the operations will be entered, including the transfers of real estate, but excluding the amounts of the operations insurance (insurance entities) and leases that must be recorded in a separate record.
Taxable persons covered by the special regime of the cash criterion must report the operations covered by the special regime of the cash criterion in accordance with the general accrual rule and also in accordance with the special accrual rule specific to the special regime.
In addition, all the information that they are required to provide in the declaration must be provided on an annual basis.
Example:Supplier X applies to the new cash VAT regime in 2014. In February 2014, it issues 1 invoice to company X for the amount of 4,000 euros. In November 2014, company How does supplier X declare these operations in the 347?
In fiscal year 2014:
“Operation key” = “B”.
“Cash VAT operation”.
“Annual amount of operations” = 4,000 euros.
“Annual amount of operations accrued with cash VAT criteria” = 2,500.
In fiscal year 2015:
“Operation key” = “B”.
“Cash VAT operation”.
“Annual amount of operations” = 0 euros.
“Annual amount of operations accrued with cash VAT criteria” = 1,500.
The taxable recipients of the operations included in the
special regime of the cash criterion must report them in accordance with the general accrual rule and also in accordance with the special accrual rule specific to the special regime.
Furthermore, the information related to these operations included in the special regime of the cash criterion must be provided on an annual basis.
Example:Entrepreneur The annual rent for fiscal year 2014 amounts to 10,000 euros, which are paid in full by entrepreneur X in the same fiscal year 2014. How does businessman X declare these operations in 347?
In fiscal year 2014:
“Operation key” = “A”.
“Cash VAT operation” and “Local business lease”
“Annual amount of operations” = 10,000 euros.
“Annual amount of operations accrued with cash VAT criteria” = 10,000 euros.
Starting in 2014, entities to which Law 49/1960, of July 21 on horizontal property, applies must also report general acquisitions of goods or services in their Annual Declaration of Operations with Third Parties. 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 operations on an annual basis.
Example: The community of owners H does not carry out any business or professional activity. Throughout 2014, renovations were carried out in the common areas for an amount of 20,000 euros. In addition, fuel expenses corresponding to 2014 amount to 40,000 euros. How should these operations be reported in the Declaration?
Fiscal year 2014:
For reform operations, a Declaration must be submitted:
“Operation key” = “D”.
“Annual amount of operations” = 20,000 euros.
Fuel expenses should not be reported, since they are excluded from the obligation to report for electricity, water and fuel supply operations as long as their destination is community use and consumption. Also excluded are operations derived from insurance whose purpose is the insurance of assets and rights related to common areas and elements.