First SII reportings succesfully filed
As of July 1, 2017 Spanish near real-time VAT reporting is introduced.
The SII reporting obligation applies to companies:
- Registered with REDEME (Monthly VAT Return Registry);
- Large Businesses (turnover of over €6,010,121.04);
- In VAT groups.
For many companies this regulatory change, which was introduced on very short notice, is a great challenge. Therefore, it makes us even more proud to share with you that we made the deadline for our customers to make sure their SII reporting process was setup in time to meet the new Spanish VAT compliance obligations. We currently successfully file the SII reporting’s on a daily/weekly basis for our customers.
We integrated the SII reporting process into our current VAT in Control Solution. This allows us to offer an automated process, that guarantees quality and making the SII reporting a painless process for our customers. The impact on our customer’s reporting processes was minimal, because of a flexible data input (ERP push, mail, ftp, …) A thorough setup by our VAT specialists avoids a lot of correction reports afterwards.
We worked very hard to change our processes in time to meet the new reporting deadline of July 1, 2017. And we made it! Our customers remained compliant, what is our main goal! We think that (near) real-time reporting should be followed carefully, as we think that this will become the future of VAT compliance. Be prepared! We will gladly support you in this.
Interested in learning more about our approach to your SII VAT reporting, or about one of our other services?