One of the new features (among others) introduced major 4/2.008 by Law of 23 December (BOE 25 December), developed by Royal Decree of 26 December 2126/2.008 amending Regulation on Value Added Tax (BOE of 27 December), is the possibility (not is mandatory) by taxpayers subject to this tax liabilities on a monthly request a refund of credit balance resulting from the reverse charge VAT, not having to wait to qualify in the last quarter of each year as it occurred . The executive is confident that this new system of monthly VAT return serves to inject some liquidity into the battered financial situation of companies and professionals in this country. We trust all.
Highlight this system of monthly VAT return is voluntary and must be performed every month at the end of each tax period for VAT. That is, those who choose to return this system, companies, professionals ,.... are SMEs or not, must make monthly payment of VAT.
a deadline for taxpayers to take advantage of this system-monthly VAT return until January 30, 2009, shall be filed for this application Registration Monthly Return for VAT in the Model 036 / 037 and Model 039, VAT groups.
requiring those who wish to qualify for this system being current in payment of tax obligations to the date of application and must make their self-assessments of monthly VAT and exclusively by electronic means.
Returns that relate exclusively be made by bank transfer to the accounts indicated in the corresponding monthly return applications. That is, they must show each month the account to which to transfer the refund.
in principle can not accommodate this system of monthly refund of VAT taxing those engaged in the simplified VAT, although there is an exception, if engaged in transporting passengers or goods by road, if they meet requirements may request the immediate return of deductible contributions for the purchase of transportation affects their activity, using the new Model 308 was created for this course, to be submitted within twenty days of the month following that in which acquired the means of transport.
Finally note that the new Model 303 of the VAT replaces the previous models 300 (regular quarterly), 320 (normal monthly for large companies), 332 (monthly exporters to large companies) who must complete the declaration Model 340 Information on operations included in the VAT register books as a prerequisite.
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