Immediate Provision of Information (SII). Deadline to be de-registered from the Monthly VAT Refund Registry or from the VAT Group Regime
The Spanish Council of Ministers has approved Royal Decree 529/2017, of 26 May, which modifies the Spanish VAT Regulation in order to facilitate adaptation to the new system of Immediate Provision of Information (SII).
This Royal Decree establishes an extraordinary deadline to be de-registered from the Monthly VAT Refund Registry and from the Special VAT Regime of Group of Companies, until June 15, 2017, and that will have effect from 1st July 2017.
This is because, according to current up-to-date regulation, it was only possible to be de-registered from the Monthly VAT Refund Registry in the month of November, and from the Special VAT Regime of Group of Companies in December.
Thus, with the publication of this Royal Decree is solved the possibility for companies registered in one of these VAT schemes to be de-register from them before that the fulfilment of the obligations of the Immediate Provision of Information (SII) is mandatory.
Furthermore, this rule establishes that taxpayers subject to the simplified VAT regime would not be able to opt, during 2017, for the implementation of the new books record keeping system through the Spanish Tax Authorities web site.