VAT

Path: Business functionality > Local functionality > Spain > VAT · tier official · system finance · narrative reviewed (checked by Opus)

Overview

This section covers the VAT reporting a company needs in the Spanish version of Business Central. It includes the Equivalence Charge (EC) tax for retail sales, one-column and two-column VAT statement templates, and the periodic declarations sent to the Spanish tax authorities: Report 340 (invoices and taxes, monthly or quarterly), Report 347 (annual sales, purchases and cash payments) and Report 349 (intra-EU trade).

Most topics come in pairs: a conceptual page (Report 340, Report 347, Report 349) and a how-to page (Create Report 340, How to create report 347, Create Report 349). Other pages cover creating text and XML templates for telematic VAT statements and exporting statements with them. Setup pages cover cash accounting criteria for Report 340 and SII (Suministro Inmediato de Información) for VAT reporting.

Start with the VAT Reports page for an overview and with Equivalence Charges to see how EC and VAT are tracked. Then read the page for the specific declaration you need. If you file electronically, set up the statement templates before exporting.

Key points

• Equivalence Charges (EC) are tracked separately from VAT on purchase and sales lines, shown combined as VAT + EC, and stored separately in the VAT Entry table at posting.
• Report 340 documents sales and purchase invoices with operation codes for monthly or quarterly submission, and supports cash accounting criteria (CAC), nondeductible VAT and equivalence charge reporting.
• Setting up CAC for Report 340 means configuring unrealized VAT in General Ledger Setup and VAT Posting Setup.
• Report 347 is an annual declaration by VAT date; it helps identify unapplied cash payments and generate declaration labels.
• Report 349 covers intra-EU trade, filtered by EU country codes, with delivery operation codes (E, M, H), item card setup for exports and credit memo corrections.
• VAT statements can be exported as text or XML for telematic submission, using templates with field mapping (XML templates also use indentation levels).
• Text export uses the Generate txt file action, with filters for open or closed entries and an option to show amounts in the additional currency.
• SII setup includes enabling the module, batch submission thresholds, marking documents as accepted, flagging customers not in AEAT, VAT exemptions and ignoring invoice lines.

Learn pages

• Create Report 340 [ES]: Learn how to create report 340 for the tax authorities in the Spanish version of Business Central.
• Create Report 349 [ES]: Learn how to use the Spanish version of Business Central to electronically submit the report 349 declaration to the tax authorities.
• Create Templates for Telematic VAT Statements in Text Format (ES): Learn how to create templates for telematic VAT statements in text file format for electronic submission in the Spanish version of Business Central.
• Create templates for telematic VAT statements in XML format (ES): Learn how to create templates for telematic VAT statements in XML format in the Spanish version of Business Central to enable electronic submission.
• Equivalence Charges (EC) [ES]: An Equivalence Charge (EC) is a tax used in retail sales and activities that don’t follow VAT rules.
• How to create report 347 [ES]: Learn how to make a Report 347 declaration to the tax authorities providing the sales and purchase transactions from the previous fiscal period.
• How to Export VAT Statements in Text Format: Export VAT statements in text format for electronic submission to tax authorities.
• How to export VAT statements in XML format: Export VAT statements as XML files for electronic submission to the Spanish tax authorities.
• Report 340 [ES]: Provides an overview of Report 340, detailing how it captures information on invoices and taxes issued or received by your company within a specific period.
• Report 347 [ES]: Report 347 is an annual report that companies in Spain must submit to tax authorities, detailing sales and purchases for a specified period.
• Report 349 [ES]: Learn how to use Business Central to prepare and submit Report 349, the periodic declaration of trade with other EU countries/regions required by Spanish tax authorities.
• Set up 340 reports for small businesses [ES]: Learn how to set up 340 reports for small businesses in Spain on cash basis, that is, Cash Accounting Criteria (CAC)
• Set up SII for VAT reporting [ES]: Set up and submit documents with SII in Business Central, and resolve incorrect or pending statuses from posted documents in Spain.
• VAT Reports [ES]: Provides detailed information about VAT functionality for transactions involving goods and services in Spain, including imports.

Videos, posts and code changes

Linked by a Haiku matcher with a grounding quote from the item’s summary (link/topics.ts); machine-generated.

• #10023 [Master]-Customer Ledger Bill Entries display default Customer Posting Group instead of Alternative Customer Posting Group set on Sales Documents in the Spanish version. (code change): “Invoice split payment posting in the Spanish version now preserves the alternative customer posting group”

Business Central pages and reports

The pages, reports and queries this hub’s Learn pages name (ms.search.form, API reference), joined to the code by exact object id (data/index/docs-objects.json); a page shows the table it runs on.

• Page 472 “VAT Posting Setup” · on Table 325 “VAT Posting Setup”
• Page 473 “VAT Posting Setup Card” · on Table 325 “VAT Posting Setup”
• Page 747 “VAT Clauses” · on Table 560 “VAT Clause”

Learn also names 13 objects with no object page: page/10704, page/10705, page/10710, page/10736, page/10737, page/10738, page/10740, page/10744, page/10751, page/10752, page/10753, page/10770, page/10771.

Source: Microsoft Learn (CC BY 4.0). Descriptions are Learn’s own.