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V3122-21 ·16 December 2021 ·consulta-vinculante Medium impact
Tax

Positive settlements from gas hedging contracts are not subject to VAT nor affect pro rata apportionment

An energy services company has enquired whether income obtained from the settlement of a gas hedging contract (when the fixed price is lower than the variable price) is subject to VAT. The DGT has determined that this income does not constitute consideration for a service, but is rather a risk hedging tool.

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2021-12-16PublishedPublished 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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