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V2125-21 ·19 July 2021 ·consulta-vinculante Medium impact
Tax

The tax rate applicable at the time of accrual must be used to rectify VAT amounts

A local council has requested clarification on which tax rate to apply when rectifying VAT amounts for urbanisation operations following a court ruling. The Directorate General of Taxes (DGT) has ruled that the rate applicable at the time the original operations accrued must be used.

In 6 key points

How it affects those involved

This ruling provides legal certainty for taxpayers and public administrations regarding the correct tax rate to apply when issuing credit notes or rectifying previous VAT assessments due to judicial decisions.

Lifecycle

2021-07-19PublishedPublished 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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