Skip to content
V0496-17 ·24 February 2017 ·consulta-vinculante Medium impact
Tax

VAT on goods returns may be rectified by deducting it from a subsequent supply invoice

A franchisor inquired whether they should issue a credit note for goods returned by franchisees or if the franchisees should issue one. The DGT ruled that, provided the tax rate remains the same, the VAT can be rectified by deducting the return amount from the invoice of a subsequent supply.

In 6 key points

How it affects those involved

This ruling provides administrative flexibility for businesses to correct VAT amounts through subsequent invoicing rather than issuing formal credit notes, provided the tax rate is identical.

Lifecycle

2017-02-24PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact