Instructions on how to fill in Form 480 and how to file it
These instructions are applicable for the first time for the annual summary declaration for 2022, the filing period starting on 1 January 2023.
Required to submit Form 480
They are obliged to file this annual summary declaration, insurance companies when they have carried out transactions taxed by the tax in the financial year.
Form 480 filing deadlines
The period for filing form 480 will be between January 1 and January 31 of each year, in relation to the transactions corresponding to the previous calendar year immediately.
Forms for filing Form 480
Form 480 will be filed electronically using recognised electronic certificates issued for the identification and authentication of the taxpayer.
Form 480 can be filed:
Voluntary representatives of taxpayers obliged to submit tax returns and self-assessments with powers or powers (proxies) to file electronically with or represent them before the Tax Agency.
Social partners in applying taxes.
Filling in Form 480
Enter the declarant's NIF, its name or company name, surname and name.
Tax year: Enter the financial year to which the annual summary declaration corresponds.
Substitute tax return
The box "substitute tax return" will be marked with an "X" when the filing of the tax return is intended to cancel and completely replace another previous tax return in which inaccurate or erroneous data have been included.
In this case, the identification number in the previous tax return will also be entered in the "identification number" section. 13
Transactions carried out in the financial year by insurance branches
The taxable bases corresponding to the transactions carried out in each of the insurance lines listed in the tax return must be entered, including not only those referring to the main risk, but also to the additional risks, whether they are transactions subject to and not exempt or whether they are exempt transactions.
Taxable bases subject to and not exempt:
The amount of premiums or payments, which are subject to and not exempt from the tax, paid by the policyholder or a third party during the financial year will be entered. Furthermore, the changes to taxable bases made in self-assessments for the financial year will be included, even if they correspond to previous years.
Exempt taxable bases:
The amount of the premiums or payments, subject to and exempt from the tax, shall be entered in accordance with Article 12 Five of Act 13/1996, of 30 December, on Tax, Administrative and Social Order Measures, paid by the policyholder or a third party during the financial year.
Total taxable bases:
The sum of the exempt and non-exempt taxable bases recorded in the previous boxes shall be entered for each insurance sector.
The sum of taxable bases subject to and non-exempt (box 70), the amount of the sum of the taxable exempt bases (box 71) and the amount of the sum of the total taxable bases (box 72) must be entered.
The premium or payment is understood as the total amount of the amounts paid as compensation for the transactions subject to this tax. , whatever the cause or origin that motivates them and the place and method of collection, except for the surcharges established in favour of insurance Compensation Consortium and the Insurance Institution Settlement Commission and other taxes that fall directly on the premium.
Annual Settlement Result
Transactions subject to and non-exempt:
Boxes 73 and 76: Taxable base: The taxable bases subject to and non-exempt tax that have been taxed in the period of tax return at different rates will be entered separately. The sum of both boxes must match the amount in box 70, unless adjustments have been made to taxable bases for transactions subject to and not exempt from the tax corresponding to previous years and which must be reflected in box 79.
Boxes 74 and 77: Types: The tax rates in force at the time of accrual of the tax will be entered separately.
Boxes 75 and 78: Quota: The payments to be paid resulting from applying the tax rates indicated in boxes 73 and 76 to the taxable bases, respectively, shall be recorded. 74 77
Rectification of previous financial years'transactions
Box 79: Taxable base: The amount of the corrections made in the financial year of transactions subject to and not exempt from the tax corresponding to previous years will be entered. If the correction involves a reduction of the bases, the "N" sign will be entered in the first position of the field to indicate the negative amount.
Box 80: Quota: The amount of the rectified payments in the previous financial years'operations will be recorded. If the correction involves a reduction of the bases, the "N" sign will be entered in the first position of the field to indicate the negative amount.
Box 81: The amount of the bonuses made during the year corresponding to the tax return will be recorded in accordance with the provisions of the regulations.
Annual settlement result
The amount corresponding to the total self-assessments made in the financial year in question will be recorded as a result of the annual settlement. This amount must be the same as Casilla 75 + Casilla 78 + Casilla 80-Casilla 81.
This amount must also coincide with that stated in box 95 as a total result of the monthly self-assessments carried out in the financial year.
Recurring Settlements Result
The result of the periodic self-assessments for the financial year will be entered in boxes 83 to 94, including those for which the deferral has been requested, in instalments or not paid for this payment, as well as the total sum of these amounts in box 95.