The fundamental change lies in the merger of the rest of the self-assessments corresponding to the simplified VAT regime (models 310/311) and models 370/371, which are used when there is a change in the heading and tax format during the year, into the new model 303. It is more than likely that this model will be approved telegram korean list before the end of the year, so we will probably have to declare it in the 4th quarter of 2013 using this new format. This new model 303 will have 3 pages , of which the first page is dedicated to the general VAT regime, the second page is for the settlement of VAT under the simplified regime and the third page has an additional information sheet with a special entry for the volume of operations in the event that we are covered by the cash VAT.
From reading this model and as we can see in the attached screenshot, we will have to record the volume of accrued operations on a quarterly basis in accordance with article 75 of the VAT Law even if we are covered by the cash VAT.
For practical purposes, this volume of transactions will correspond to the total VAT accrued , whether or not it has been collected, as the VAT charged is currently declared following the accrual criterion.
On the other hand, for the purposes of the simplified regime, the model will contain much more information, given that the seasonal correction indices and a specific section for the settlement of the 4th quarter in modules equivalent to model 311 will be recorded in the self-assessment.
Changes in the 340
The changes arising from the VAT cash criterion also require a modification of the information declaration of form 340 .
The changes mean that the model allows for the identification of the dates of collection and payment of invoices, as well as the determination of the amounts collected or paid and the identification of the means of collection or payment used for all taxpayers involved in operations in which the cash criterion is used .