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V2696-18 ·5 October 2018 ·consulta-vinculante Medium impact
Tax

Insurance deductible payments are subject to VAT and require an invoice

A query was raised regarding whether an insurance deductible payment following an accident should be treated as compensation or a VAT-taxable transaction, and to whom the invoice should be issued. The DGT has ruled that the deductible payment constitutes consideration subject to VAT and that the repair workshop must issue the invoice to the recipient of the repair services.

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Lifecycle

2018-10-05PublishedPublished 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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