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V0295-20 ·7 February 2020 ·consulta-vinculante Medium impact
Tax

Sellers must rectify undue compensation received under the special scheme via credit note

A cooperative paid lump-sum compensations to a civil society that incorrectly applied the special agricultural scheme. The DGT ruled that the seller must reimburse the compensations to the Tax Agency and rectify the transaction using a credit note to apply the VAT from the general scheme.

In 6 key points

How it affects those involved

This ruling clarifies the obligation to correct tax errors through credit notes when special agricultural schemes are misapplied, ensuring the correct VAT rate is applied and undue compensations are returned to the authorities.

Lifecycle

2020-02-07PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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