Skip to content
V2104-17 ·8 August 2017 ·consulta-vinculante Medium impact
Tax

Return of unsold magazines requires distributor to rectify VAT via credit note

A press distributor invoices the full amount of magazines upon delivery to retailers, but subsequently receives unsold stock. The DGT has ruled that, as this does not constitute an estimation contract, the tax point occurs upon delivery, meaning subsequent returns require the rectification of tax amounts through a credit note.

In 6 key points

Lifecycle

2017-08-08PublishedPublished 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