The periodic return: modelo 303, deadlines and credits — Declaring and paying Spanish VAT: from the chargeable event to modelo 303

Test yourself

Question 1 of 5

What is the settlement period for a small business with ordinary turnover?

The calendar monthThe calendar quarterThe calendar yearEach invoice separately

Question 2 of 5

By which date must the return for April to June be filed?

30 June20 July31 July30 January

Question 3 of 5

A freelancer issued no invoice at all in the quarter. What must she do?

Nothing, there is no taxFile a return showing zeroWait for the annual summaryNotify the Tax Agency by letter

Question 4 of 5

A quarter ends with a VAT credit. Which statement is correct?

It is lost if not used in the next quarterIt can be offset for four years; a refund is claimed in the last return of the year, except under the monthly schemeIt must always be refundedIt is converted into an income tax credit

Question 5 of 5

Where does the fourth-quarter return fit in the calendar?

1 to 20 December1 to 20 January1 to 30 JanuaryWith the annual summary in March