Input VAT and reverse charge

The VAT you pay on your purchase invoices —input VAT (IVA soportado)— is normally deductible: you subtract it from the VAT you charged on your sales, and the difference is what comes out to pay (or to be refunded) on Modelo 303. Aikount computes it and carries it from each purchase through to the tax.

How it's booked#

When you register a purchase, the VAT isn't mixed with the expense: it goes to its own account.

• The taxable base feeds the group-6 expense account — see Categorization (PGC).
• The VAT amount goes to account 472 — input VAT.
• The total is what you later reconcile against the bank movement.

That way 472 accumulates all your deductible VAT for the quarter, which is exactly what Modelo 303 needs.

From the expense to Modelo 303#

The 303 is prepared from the real ledger, not from a separate sheet. Input VAT from your purchases enters as deductible VAT; output VAT from your sales (account 477) enters as accrued VAT. The quarter's result is the difference.

Because the model comes from the accounting, the amounts match your entries. If you correct a purchase's rate or amount, the 303 reflects it. See Modelo 303 (VAT).

Intra-EU reverse charge#

When you buy services or goods from a supplier in another EU country, the reverse charge applies: the invoice arrives without VAT and it's you who self-charges and deducts it at the same time. Aikount models this automatically.

In practice:

• The EU supplier's invoice comes without Spanish VAT.
• Aikount generates both the output VAT and the input VAT for the same amount.
• On an operation with full right to deduct, the cash effect is neutral: what you self-charge, you deduct.
• The operation is also reflected on Modelo 349 (recapitulative statement of intra-EU operations).

You don't have to compute the reverse charge by hand or remember to declare it: by recognizing that the supplier is intra-EU, the entry is built with both VAT legs.

Cases worth reviewing#

• Supplier without a valid VAT number — the intra-EU treatment depends on the supplier being correctly identified. Check the contact details in Suppliers.
• Non-deductible VAT — some expenses have partial or non-deductible VAT; if that's your case, adjust the amount before signing off the purchase.

Related#

• Modelo 303 (VAT) — where your input VAT ends up.
• Modelo 349 (intra-EU) — where EU operations are declared.
• Categorization (PGC) — the expense base, the other leg of the entry.