Nine things to check before filing your VAT return and annual summary
Posted: Wed Dec 18, 2024 4:51 am
In this post with updated content you will find everything you need to prepare your accounting and submit forms 303 and 390 for the 2018 financial year.
Check if there are any unrecorded invoices and compare the registration books with the ledgers, this will be key to closing the accounting.
If errors are detected, a supplementary declaration may be submitted.
With the presentation of the last form 303 and the annual summary of VAT using form 390 , the accounting of the year is closed with regard to the invoices issued and received . In this way, we have until January 30 to greece phone number data prepare the last VAT settlement and its annual summary.
The correct completion of these forms depends mainly on good accounting , but accountants make a large number of entries every day and even the most efficient can make mistakes.
This is why the accountant, his or her chief accountant or his or her advisor must review and detect possible errors and proceed to correct them, since errors in VAT settlements can be expensive, either by paying more than what should be or by penalties and surcharges, if the Tax Agency detects that we pay less VAT than what corresponds.
If the SII is applied, there is no need to submit form 390
If we apply the SII , we should not submit form 390, since the information in form 390 that cannot be obtained through the SII would be provided as additional information in form 303 of the last settlement period.
Check if there are any unrecorded invoices and compare the registration books with the ledgers, this will be key to closing the accounting.
If errors are detected, a supplementary declaration may be submitted.
With the presentation of the last form 303 and the annual summary of VAT using form 390 , the accounting of the year is closed with regard to the invoices issued and received . In this way, we have until January 30 to greece phone number data prepare the last VAT settlement and its annual summary.
The correct completion of these forms depends mainly on good accounting , but accountants make a large number of entries every day and even the most efficient can make mistakes.
This is why the accountant, his or her chief accountant or his or her advisor must review and detect possible errors and proceed to correct them, since errors in VAT settlements can be expensive, either by paying more than what should be or by penalties and surcharges, if the Tax Agency detects that we pay less VAT than what corresponds.
If the SII is applied, there is no need to submit form 390
If we apply the SII , we should not submit form 390, since the information in form 390 that cannot be obtained through the SII would be provided as additional information in form 303 of the last settlement period.