We are going to explain the obligation to issue a corrected invoice and the requirements.
The obligation arises in the following cases:
- When the invoice requirements set out in the Invoicing Regulation (art. 6 and 7) are not met. This is the case, for example, when the original invoice contains errors in the invoice number, date of issue, name, VAT number, address, etc.
- When the circumstances that make it necessary to modify the VAT taxable base established in Article 80 of the VAT Law (return of containers and packaging, discounts and rebates after the transaction has been carried out, termination of transactions or insolvency of the recipient) occur.
- When the VAT due has been calculated incorrectly. This is the case, for example, when we calculate an incorrect VAT rate to the taxable base.
As for the issuing of the rectifying invoice, the rectification will be made when there is certainty of the need to issue it, there is a maximum period of four years from the moment the VAT was accrued.
In the content of the same, you must put the “Rectified Invoice”, the obligatory data included in any ordinary invoice, the data of the rectified invoice and the reason for rectification.
In the cases in which the issue of the amendment invoice has a modification of the taxable base and VAT charged, there are 2 options::
– Option 1: Indicate the amount of the change (positive or negative)
– Option 2: Indicate the amount once the modification has been made. In this case it is obligatory to indicate the amount of the correction.
The amendment invoice must have a specific series.