TEAC Approves Global VAT Rounding for Retailers

• The TEAC approves global VAT rounding over rounding per product if it avoids significant distortions.
• The TEAC approves global VAT rounding over rounding per product if it avoids significant distortions.
• The entity TW GH was subject to regularization by the AEAT regarding the calculation of VAT accrued in retail sales to final consumers documented through simplified invoices (tickets).
• The company applied a unit rounding system: it calculated the taxable base and the VAT quota product by product, applying rounding to two decimal places.
• The Inspection rejected this system for generating relevant discrepancies between the declared quotas and those that would result from directly applying the tax rate to the accumulated taxable bases.
• The Treasury used a global rounding per ticket, applying the tax rate to the sum of taxable bases registered by store, date and type.
• The company appealed this regularization, defending the correctness of its method and arguing that the law allows it to calculate VAT per item, following general rounding rules.

Source: audiconsultores-etlglobal.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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