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V4147-15 30 December 2015 · SG de Impuestos sobre el Consumo Criterion in force
IVA · base imponible

Taxable base and VAT amounts must be rectified via credit note if a transaction is voided

The inquirer asks about the procedure when a compensation board voids previous years' levies and must refund the money. The DGT rules that the board must issue a credit note and regularise its tax position, while the inquirer must rectify their tax deductions.

The question raised

Modification of the tax base.

The DGT's ruling

When a transaction is voided, the tax base and the tax amounts must be modified through the issuance of a corrective invoice. The compensation board must regularize its situation in the corresponding tax return or in subsequent returns within one year, refunding the amounts to the recipient. For its part, the taxpayer must mandatorily rectify its deductions if the cancellation implies a reduction in the amount initially deducted.

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