VAT for companies and SMEs
We manage and review your company's VAT with tax and accounting criteria so that you can file your returns correctly, avoid errors and anticipate possible requirements from the Tax Authorities.
Modelo 303 · modelo 390 · SII · REDEME · IVA intracomunitario · modelo 349 · VAT pro rata
In your company's VAT,
conviene anticiparse
We take care of reviewing the VAT management of companies and SMEs so that issued invoices, received invoices, deductions, intra-community operations and periodic returns are correctly handled before filing the taxes.
The importance of having specialised tax advice
VAT Advice for Companies and SMEs
Managing a company’s VAT is not limited to filing the quarterly form. It is advisable to review invoices, exempt operations, deductions, reverse charge, intra-community operations, pro rata and information obligations to avoid errors that could lead to subsequent checks or adjustments.
Modelo 303 and periodic returns
We prepare and review your company's VAT modelo 303, checking issued invoices, received invoices, taxable bases, deductible amounts and possible adjustments before filing.
Modelo 390 and annual VAT closing
We review the consistency between the periodic returns, the accounting and the annual VAT summary, so that the fiscal year-end closing is correctly balanced.
SII: Immediate Supply of Information
We advise companies required to use or opting into the SII, reviewing billing records, operation codes, issued, received and corrective invoices to reduce errors in the information sent to the AEAT.
REDEME and monthly VAT refund
We analyse whether it is worthwhile for your company to be registered in the REDEME, taking into account the monthly VAT refund, the formal obligations, the monthly filing of the modelo 303 and the keeping of records through the SII.
IVA intracomunitario, ROI and modelo 349
We review your company's intra-community operations, registration in the ROI, validation in VIES, the correct issuing of invoices and the obligation to file the modelo 349 when applicable.
VAT pro rata and deductions
We analyse whether your company can deduct all the input VAT or must apply the VAT pro rata, especially when there are exempt activities, mixed operations or income with different deduction rights.
Experience, tax control and error prevention
Why entrust your company's VAT management to a specialised team
We are a tax, labour and accounting firm located in Orihuela Costa, with experience in companies, SMEs, self-employed workers and clients with national and international operations.
Our team is made up of professionals from the economic and business field, with experience in taxation, accounting and the management of tax obligations. In addition, we regularly work with clients who speak Spanish, English and French, which allows us to manage operations with an international component in a clearer and more practical way.
If your company needs rigorous VAT management, it is not just about filing forms. It is about properly reviewing each operation before declaring.
VAT with tax and accounting criteria
La VAT must be reviewed jointly from both a tax and an accounting perspective. A wrongly recorded invoice, an incorrect deduction or a misclassified operation can affect the modelo 303, the modelo 390, the SII or a possible check by the Tax Authorities.
- Review of issued and received invoices before declaring.
- Control of VAT deductions and expenses with possible partial allocation.
- Checking of exempt, non-taxable operations or those subject to reverse charge.
Fewer errors and more control before the Tax Authorities
A company can file its forms on time and still be accumulating errors. That is why it is important to control VAT on a regular basis, not only when the quarter arrives.
- Greater control over the modelo 303, modelo 390 and record books.
- Better review of intra-community operations, ROI and modelo 349.
- Reduction of errors that can lead to requirements, discrepancies or adjustments.
IVA intracomunitario, ROI, VIES and modelo 349
Operations with clients or suppliers from other European Union countries require special attention. It is not enough to issue an invoice without VAT because the client is in another country. You have to analyse the type of operation, the client’s status, the location of the service or supply, the NIF-IVA and the obligation to report in the modelo 349.
In intra-community operations it is common to work with concepts such as ROI, VIES, NIF-IVA, reverse charge, intra-community supplies, intra-community acquisitions and intra-community supplies of services.
VAT pro rata: when not all VAT is deductible
The VAT pro rata arises when a company carries out operations that give the right to deduct VAT together with operations that do not give the right to deduction. In these cases, it is not always possible to deduct 100 % of the input VAT.
This point is especially delicate in companies with mixed activities, rentals, exempt operations, and financial, healthcare, training or real estate activities, among others.
Your company's VAT needs order and review
We help you manage your company's VAT with more control, better tax criteria and a regular review of your tax obligations.
More than filing forms
VAT management for companies and SMEs
Good VAT management for companies does not only consist of filing returns. It also involves reviewing invoices, checking whether the input VAT is deductible, analysing special operations and anticipating problems before they appear.
At Asesoría Orihuela Costa, within our tax advice for companies service, we handle VAT as an essential part of the company’s tax management. We review operations with criteria, coordinate the accounting information and help ensure that returns are filed consistently.
This is especially important in companies with intra-community operations, foreign clients, European Union suppliers, registration in REDEME, an SII obligation or activities that can affect the VAT pro rata.
Which VAT services we manage for companies
Why does poor VAT management end up causing problems?
- Because a received invoice does not always allow you to deduct 100 % of the input VAT
- Because intra-community operations require reviewing the ROI, the VIES, the invoice and the possible modelo 349.
- Because the SII requires more immediate and precise control of the billing records.
- Because the VAT pro rata can limit the deduction when the company carries out activities with different deduction rights.
- Because errors in VAT can affect several forms: 303, 390, 349, record books and accounting.
- Because a return filed on time does not guarantee that it is correctly calculated.
Frequently asked questions about VAT for companies
Do all companies file VAT quarterly?
Not always. Many companies file the modelo 303 quarterly, but others may have a monthly filing obligation, for example if they are included in certain regimes such as the SII or the REDEME.
What is the difference between the modelo 303 and the modelo 390?
The modelo 303 is the periodic VAT self-assessment return. The modelo 390 is the annual informative VAT summary, which gathers all the operations of the financial year.
What is the SII in VAT?
The SII is the system for keeping VAT record books through the electronic headquarters of the Tax Agency. It requires sending the information from the billing records electronically and within reduced deadlines.
What is the REDEME?
The REDEME is the Monthly VAT Refund Register. It allows you to request the monthly VAT refund, but it involves additional obligations, such as monthly filing of the modelo 303 and keeping record books through the SII.
What is the modelo 349?
The modelo 349 is the recapitulative declaration of intra-community operations. It must be filed by entrepreneurs or professionals who carry out certain intra-community supplies, acquisitions or supplies of services.
What is the VAT pro rata?
The VAT pro rata is applied when a company carries out operations with the right to deduct VAT and operations that do not give the right to deduction. In those cases, it is not always possible to deduct all the input VAT.
Leave your company's VAT management in professional hands
We manage and review the VAT of companies and SMEs with continuity, tax criteria and accounting control so that your company can comply correctly and reduce risks before the Tax Authorities.