Spanish TAX/IVA Basis - Cash or Invoice?
Dec 1st 2017, 9:29 am
#1
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Joined: Oct 2017
Posts: 5
Spanish TAX/IVA Basis - Cash or Invoice?
Hi all,
A quick and, I thought, simple query that I am struggling to find an answer for. In the UK, you have the option to complete self-employed accounts and VAT returns on a cash basis (i.e. income actually received) or invoice basis (amounts invoiced for, not necessarily received), but I am not sure which applies in Spain.
Anyone have an idea or can point me towards the relevant page of the tax office website that explains it?
Thanks
A quick and, I thought, simple query that I am struggling to find an answer for. In the UK, you have the option to complete self-employed accounts and VAT returns on a cash basis (i.e. income actually received) or invoice basis (amounts invoiced for, not necessarily received), but I am not sure which applies in Spain.
Anyone have an idea or can point me towards the relevant page of the tax office website that explains it?
Thanks
Dec 1st 2017, 9:52 am
#2
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Joined: Jan 2016
Posts: 2,308
Re: Spanish TAX/IVA Basis - Cash or Invoice?
Hi all,
A quick and, I thought, simple query that I am struggling to find an answer for. In the UK, you have the option to complete self-employed accounts and VAT returns on a cash basis (i.e. income actually received) or invoice basis (amounts invoiced for, not necessarily received), but I am not sure which applies in Spain.
Anyone have an idea or can point me towards the relevant page of the tax office website that explains it?
Thanks
A quick and, I thought, simple query that I am struggling to find an answer for. In the UK, you have the option to complete self-employed accounts and VAT returns on a cash basis (i.e. income actually received) or invoice basis (amounts invoiced for, not necessarily received), but I am not sure which applies in Spain.
Anyone have an idea or can point me towards the relevant page of the tax office website that explains it?
Thanks
Empresarios individuales y profesionales - Agencia Tributaria
The detail is in the manual : http://www.agenciatributaria.es/stat...2016_es_es.pdf
Last edited by Loafing Along; Dec 1st 2017 at 9:57 am.
Dec 1st 2017, 10:03 am
#3
Just Joined
Thread Starter
Joined: Oct 2017
Posts: 5
Re: Spanish TAX/IVA Basis - Cash or Invoice?
Thanks for the swift response. Do you happen to know which section explains this? Or a key word to search for to find the right section? I thought that it would be based on invoices but now I'm intrigued as to how to treat invoices raised in another currency, where the eventual EUR amount received is unlikely to tally exactly with the exchange-rate estimate attached to the invoice itself.
