How Spanish VAT works for a small business

The lesson42
Worked case3
Quiz1
Sources and links1

In this module

Module 1 of 2

Test yourself

A way to check what has landed — no marks, no account · 1 section · 331 words · 5 min

Test yourself

Question 1 of 5

Lucía receives 2,420 € for an invoice at the general rate. What is her revenue?

2,420 €2,000 €1,580 €It depends on when the client paid

Question 2 of 5

When does VAT fall due on a service completed in March and paid in May, with no advance?

In May, when it is paidIn March, when it is performedAt the end of the yearWhen the invoice is sent, whatever the date of the service

Question 3 of 5

What happens to VAT on an advance received before the work is done?

It falls due when the advance is collectedIt is declared with the final invoiceAdvances are never subject to VATIt is paid by the customer directly to the Treasury

Question 4 of 5

How long does a business have to exercise the right to deduct input VAT?

Only in the period the invoice arrivesOne yearFour years from when the right aroseWithout any limit

Question 5 of 5

Which of these duties does article 164 list among those of a VAT taxpayer?

Only issuing invoices above a thresholdFiling periodic returns and an annual summary returnPaying VAT only when the customer paysKeeping records only if the business has employees

Back to the programme Module 2 — nextThe periodic return: modelo 303, deadlines and credits

Read in Spanish

Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.

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