Year 2017: approve, account for and declare to the Treasury the invoices received in four days

[jrineakter01]

Run, run, I'll catch you (CCP) could have been the name of the new system of Immediate Supply of Information that the Tax Agency wants to implement from 2017, but they have decided to call it SII. It seems like a system full of bonanzas, the panacea against fraud, but if the Public Administrations have had invoices in the drawers for months to pay them, it seems a bit premature to have four days to provide the information of the invoices received to the Treasury, or not? According to the Tax Agency, the new system of Immediate Supply of Information (SII) that will come into force on January 1, 2017, will be mandatory for a group of about 62,000 taxpayers , made up of large companies, corporate groups for VAT purposes and registered in the monthly tax refund regime ('Redeme'), with the rest of the companies being able to voluntarily join if they so wish.

Advantages of the SII according to the Tax Agency
– Voluntary compliance is facilitated: in the AEAT electronic headquarters the taxpayer will have a “declared” registry book and another “verified” with the information from third parties russia mobile number whatsapp belonging to the group of this system or from the AEAT database itself. These tax data will be a useful assistance tool in the preparation of the declaration, reducing errors and allowing simplification and greater legal certainty. – Reduction of indirect charges: formal obligations are reduced , by eliminating the obligation to submit the informative declarations corresponding to models 347 (third party information), 340 (operations in registry books) and 390 (annual summary of VAT).




– Longer deadline for VAT settlements: the deadline for filing periodic self-assessments is extended by ten days . – More selective and faster verification: by obtaining the information on the operations practically in real time, the Tax Agency will be able to anticipate the verification, thus speeding up the control and refunds of the tax . This streamlining will be more pronounced when the client and the supplier belong to the group of this system, since the information on the operations between both will be already cross-checked. On the other hand, the availability of complete information on the tickets will allow control of the invoicing carried out through cash registers.

A challenge for invoice approval workflows
Whether invoices are approved manually or via a workflow, it will be necessary to have first-class accounting and management software that facilitates management with the Tax Agency. If you want to have the invoices received approved before providing the information to the Tax Agency, the invoices will become hot potatoes that must be processed at top speed. In any case, controlling the calculation of the four days in the case of received invoices seems a bit complex .

Keeping track of your accounts is essential for any business. We offer you different accounting programs so that you can easily manage your accounting, invoicing and number management. Among other tasks, you can generate your VAT returns, manage payments, and create budgets and reports.