VAT news tagged as "Suministro Inmediato de Información"

United Kingdom

Digitisation of VAT Reporting

April 5th, 2018

European countries are increasingly demanding detailed electronic VAT transactional reporting from businesses to help them efficiently track tax due and reduce significant tax evasion. This includes: EU SAF-T; Making Tax Digital in the UK; live invoice reporting in Spain, Hungary and Italy; and Control Statements. Many countries have now introduced voluntary and mandatory transaction reporting …


Spain

Spanish SII update July 2018

March 31st, 2018

Spain is planning modifications to its near live VAT transaction reporting regime, Immediate Supply of Information or SII. Since 1 July 2017, SII reporting obliges qualifying businesses to summit relevant invoices within four days of issuance or receipt. It is only required from ‘large’ taxpayers (above €6m turnover per annum), entities in VAT groups and companies …


Spain

Spain SII (Immediate Information Supply) update

March 3rd, 2018

The Spanish regime for near-live reporting of invoices, SII (Immediate Information Supply), is to be modified from 1 July 2018. The system was first introduced on 1 July 2017, requiring all large-sized (over €6million turnover per annum) VAT registered businesses to e-report invoices within 4 days of their issuance. The changes include: Provision for companies which …


Spain

Spain ratifies SII Immediate Delivery of Invoices

May 17th, 2017

Spain has this week gazetted (15 May) the requirements for large businesses to submit regular e-submissions of sales and purchase invoices.  SII will become live on 1 July 2017. SII (Suministro Inmediato de Información)  requires large tax payers (over €6million turnover per annum) submitting monthly VAT returns, companies in VAT groups and companies on the …