Spain: Updated VAT Return Requirements
Spain has updated the rules on ECSL returns to reflect the quick fixes. From 1 March 2020, it is no longer possible to submit annual ECSL returns.
There are now two reporting periods for ECSL returns:
The standard filing period is monthly.
ECSL returns can be filed on a quarterly basis if the amount of intra-Community supplies of goods and services during the current or any of the previous four quarters did not exceed €50,000.
The Spanish Tax Administration (AEAT) announced that is has started to pre-fill periodic VAT returns (Modelo 303). The returns are prepopulated based on information supplied by taxpayers via the SII.
The service is called Pre303 and this will be the blueprint of the final VAT return and can be overwritten by the taxpayer.