Modelo 303 is the quarterly VAT (IVA) return. It is filed in April, July and October (by the 20th) and in January (by the 30th).
How it is worked out
| Item | What it includes |
|---|---|
| Output VAT (IVA repercutido) | The VAT on the invoices you have issued |
| Deductible input VAT (IVA soportado) | The VAT on the expense invoices you can deduct |
| Result | Output minus input: what you pay or get back |
If you buy services from a supplier outside the EU, the invoice arrives without VAT and you declare and deduct it at the same time: this is the reverse charge (inversión del sujeto pasivo).
Indicative only: confirm your case with your accountant.
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