Declaration and payment of intra-community
Posted: Mon Jan 20, 2025 5:04 am
Now that you know what intra-community VAT is, it is time to teach you how to declare it to the Tax Agency. In Spain, this declaration is made using three forms:
Model 349
This is an informative declaration where you only have to detail the intra-community operations carried out during each month. Essentially, all VAT taxpayers have to submit this form, so that the Tax Agency can keep track of all transactions and their volume.
It should be noted that the presentation of this form varies according to the amount of money involved in the operations. In this regard, if these exceed €50,000 per month, the declaration is made every month during the first 20 calendar days of the following month.
When transactions do not exceed €50,000 during the current quarter, or in the four previous calendar quarters, then Form 349 is submitted every three months. Exactly, it is submitted between 1 and 20 April/July/October or until 30 January.
Model 303
We now move on to the model used quarterly to file VAT returns in Spain, which also includes intra-community VAT. It shows in detail both the tax charged, present in the income invoices, and the tax borne, which is found in the expense invoices.
In the case of intra-community operations, the following boxes must be filled in:
Boxes 10, 11, 36, 37 : these are used to record the intra-Community VAT incurred and the simultaneous VAT charged resulting from self-assessments of intra-Community acquisitions.
Boxes 38 and 39 : here we record intra-community investments.
Box 59 : finally, intra-community deliveries of goods and/or services are shown.
Model 390
Finally, we have Form 390, which is an informative document that brings together all the data recorded in the previous form. It acts as a summary of all transactions involving Spanish VAT, including intra-community transactions.
The document must be submitted, even when companies or self-employed persons have not carried out any intra-community activity during the year. Remember that it must be submitted during the first 30 days of January of each year.
Consequences for failure to comply with the declaration
Legally, submitting the intra-community VAT declaration late, incomplete or list of brazil cell phone number with false or erroneous data is considered a breach. If any of these cases occur, your company may face the following consequences:
Financial penalties such as fines, surcharges or late payment interest. The amounts payable will depend on how long the company takes to declare VAT.
In cases where the above penalties are not paid, enforcement proceedings are then carried out to collect the debt. These may include seizure of property or bank accounts.
There are cases where the Tax Agency decides to exclude the company from the Register of Intra-Community Operators. This would prevent the organization from being able to carry out intra-Community operations again.
In addition to all this, it should be mentioned that failing to comply with tax regulations can damage your company's reputation, which can hinder your economic activities in the future. Both customers and suppliers can see these failures as a lack of commitment on the part of your organization.
Model 349
This is an informative declaration where you only have to detail the intra-community operations carried out during each month. Essentially, all VAT taxpayers have to submit this form, so that the Tax Agency can keep track of all transactions and their volume.
It should be noted that the presentation of this form varies according to the amount of money involved in the operations. In this regard, if these exceed €50,000 per month, the declaration is made every month during the first 20 calendar days of the following month.
When transactions do not exceed €50,000 during the current quarter, or in the four previous calendar quarters, then Form 349 is submitted every three months. Exactly, it is submitted between 1 and 20 April/July/October or until 30 January.
Model 303
We now move on to the model used quarterly to file VAT returns in Spain, which also includes intra-community VAT. It shows in detail both the tax charged, present in the income invoices, and the tax borne, which is found in the expense invoices.
In the case of intra-community operations, the following boxes must be filled in:
Boxes 10, 11, 36, 37 : these are used to record the intra-Community VAT incurred and the simultaneous VAT charged resulting from self-assessments of intra-Community acquisitions.
Boxes 38 and 39 : here we record intra-community investments.
Box 59 : finally, intra-community deliveries of goods and/or services are shown.
Model 390
Finally, we have Form 390, which is an informative document that brings together all the data recorded in the previous form. It acts as a summary of all transactions involving Spanish VAT, including intra-community transactions.
The document must be submitted, even when companies or self-employed persons have not carried out any intra-community activity during the year. Remember that it must be submitted during the first 30 days of January of each year.
Consequences for failure to comply with the declaration
Legally, submitting the intra-community VAT declaration late, incomplete or list of brazil cell phone number with false or erroneous data is considered a breach. If any of these cases occur, your company may face the following consequences:
Financial penalties such as fines, surcharges or late payment interest. The amounts payable will depend on how long the company takes to declare VAT.
In cases where the above penalties are not paid, enforcement proceedings are then carried out to collect the debt. These may include seizure of property or bank accounts.
There are cases where the Tax Agency decides to exclude the company from the Register of Intra-Community Operators. This would prevent the organization from being able to carry out intra-Community operations again.
In addition to all this, it should be mentioned that failing to comply with tax regulations can damage your company's reputation, which can hinder your economic activities in the future. Both customers and suppliers can see these failures as a lack of commitment on the part of your organization.