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Spain real time VAT reporting in 2017

  • Nov 16, 2014 | Richard Asquith

Spain real time VAT reporting in 2017

Spain will be requiring larger tax payers to file transaction details within four days of invoices issued/received. The aim of the measure is to help reduce fraud or unintentional misdeclarations.

Electronic feeds if purchases and sales will be required to include dates and tax calculations. Retailers following within the target group will no longer be eligible to post consolidated entries for inter-group transactions. The new Spanish VAT compliance system will replace many existing month/quarterly reports, including the 347; 340 and the annual Spanish VAT return.

Large Spanish VAT payers

The new regime will apply to larger taxpayers, which includes: VAT groups; businesses on the monthly Spanish VAT refund regime; and any other business with a turnover above €6bn per annum.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.