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V5173-16 ·29 November 2016 ·consulta-vinculante Medium impact
Tax

VAT charged in error may be rectified via credit note and tax return adjustment

An insurance agent sought guidance on how to proceed after incorrectly charging VAT on a transaction that should have been exempt. The DGT indicates that a credit note must be issued and the agent must choose between amending the tax return or regularising the situation in subsequent declarations.

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2016-11-29PublishedPublished 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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