{"id":18787,"date":"2017-06-24T08:07:59","date_gmt":"2017-06-24T06:07:59","guid":{"rendered":"https:\/\/etl-ilia.es\/general\/gestion-electronica-iva-obligatoria-julio-2017\/"},"modified":"2024-07-24T10:10:43","modified_gmt":"2024-07-24T08:10:43","slug":"electronic-vat-management-mandatory-2017","status":"publish","type":"post","link":"https:\/\/etl-ilia.es\/en\/tax-advice-blog\/electronic-vat-management-mandatory-2017\/","title":{"rendered":"Electronic VAT management will be mandatory in July 2017"},"content":{"rendered":"

The new year has brought new developments in the electronic management of VAT<\/strong>, which will be mandatory from July 2017.<\/p>\n

The Council of Ministers approved the start of the Immediate Information Supply System (SII) a few weeks ago, but it will not come into force until the date indicated above.<\/p>\n

As of July 2017, more than 62,000 companies are required to manage and declare VAT tax electronically. There is no possibility of doing it any other way.<\/p>\n

What is electronic VAT management<\/h2>\n

Electronic VAT management is established to try to fight against tax fraud.<\/strong> It will be used to keep track of the VAT of the companies that declare it.<\/p>\n

VAT operations from July 2017 will be declared in real time<\/strong>. In addition, all companies that use the SII will have to send detailed invoices to the Treasury within no more than four calendar days<\/strong>.<\/p>\n

This change will undoubtedly be important in facing the challenges of the new information age, although many find it difficult to adapt to the changes.<\/p>\n

When you send the information, the VAT books are automatically generated. That is why book management will also be electronic<\/strong>.<\/p>\n

Who should submit it<\/h2>\n

You must remember that this change only affects companies designated by the Tax Agency<\/strong>. Most are large companies, but smaller ones are also included.<\/p>\n

As summary, companies that meet the following requirements must use this new information system:<\/p>\n

    \n
  • Invoicing more than 6,010,121.04<\/strong> euros in one year<\/li>\n
  • Registered in the monthly refund regime<\/strong> (REDEME)<\/li>\n
  • Corporate groups for VAT purposes<\/strong><\/li>\n<\/ul>\n

    Now, the Tax Agency allows other businesses to voluntarily use this new initiative. That is, companies that want will be able to join this new type of electronic management<\/strong>. Whether you are a small SME or a larger one that is not obliged to do so, you can submit VAT electronically.<\/p>\n

    How VAT is managed electronically<\/h2>\n

    The new system will be implemented in the following way: Companies obliged to do so will have to send details of their invoices to the Treasury immediately<\/strong>.<\/p>\n

    The information must be sent electronically<\/strong> and in an XML format<\/strong> (to guarantee the security of the data sent).<\/p>\n

    For companies with a low volume of operations, it will be carried out through a website. For medium and large companies, automation is possible.<\/p>\n

    The data will be used to automatically create record books<\/strong>, as is currently done with the Income Tax return.<\/p>\n

    Great news is that from now on, companies that join the SII will not have to present the following models<\/strong>:<\/p>\n

      \n
    • Model 347<\/li>\n
    • Model 340<\/li>\n
    • Model 390<\/li>\n<\/ul>\n

      Obviously, it is a great advance, and we are convinced that the right decision has been made.<\/p>\n

      Conclusions<\/h2>\n

      The technological challenge<\/strong> posed by this new way of electronically managing VAT seems notable to us. We applaud the decision of the Tax Agency to try to modernize.<\/p>\n

      Surely at first a period of adaptation will be necessary, but we are convinced that the right decision is being made.<\/p>\n

      We are concerned about a possible increase in delinquencies due to the change, but it is a small price to pay if the entire process is to be expedited.<\/p>\n<\/div><\/div><\/div><\/div><\/div>