Companies in Spain have to submit Report 340 monthly or quarterly. Report 340 contains information about all invoices and taxes that a company issued or received during a specific period. Report 340 is submitted to the tax authorities during the first twenty days of the month or quarter, depending on the size of the company.
Changes to Report 340
The changes to Report 340 include the following:
- Starting in 2012, companies must submit the report monthly. The first file that references January operations is to be sent during February.
- New operation Key values are added to Type 2 records.
- New fields are added to Type 2 records.
- Report 340 includes information about cash collectables greater than 6,000 euros (EUR).
Note No changes were made as to where the report is located. To locate the report, click
General ledger, expand
Periodic, expand
Sales tax payment, and then select
Spanish VAT Reports.
Presentation of Cash Received
Cash Received is a line in the report grid. This line presents the cash that is received from a customer. The line includes a column for each customer and a column for the year of the payment.
For each customer, the report is presented according to the fiscal year to which invoice the payment refers. And then, for that year, all the other payments in cash that are collected are added. If in a period, there has not been any cash received for that customer, the customer does not appear in the report. This occurs although the yearly amount is greater than the threshold amount.
In order to identify the cash payments that are received from a customer, the Cash Ledger Accounts table has to be filled with the accounts on which the cash received is posted.
The Cash Ledger Accounts table is also used for Report 347. To locate the Cash Ledger Accounts table, click
General ledger, expand
Setup, expand
Spanish declaration, and then select
Cash ledger accounts.
The detailed fields about the cash receivables in the report can also be seen in the
General tab of the Report grid.
Presentation of tenants
- According to the new legislation, Report 340 must have rental property marked as operation type R. For this purpose, mark the line in the report. To do this, click General and change the Operation type field to R. Then, the fields for Situation code and Tax property account number are enabled, and you have to fill them in.
- Buildings and properties in any place in Spain together with a Property tax account number.
Note Buildings and properties in the Basque Country and the Navarra Region are presented separately. - Buildings and properties in the Basque Country or the Navarra Region together with the Property tax account number.
- Buildings and properties that do not have a Property tax account number.
- Buildings and properties that are not in Spain.
Sold property that is subject to VAT
The sale of property that is subject to the value-added tax (VAT) has to be reported as part of Report 340.
The transaction has to be marked as follows:
- The Operation Type field must be left blank.
- The Amount of sale of property subject to VAT field on the General tab must be filled in with an amount.
Other changes to Report 340
- The addition of the Operation type column in the report
- The addition of selection criteria so that you can narrow the choice or make a specific selection
- The addition of a check box to mark a transaction that must be excluded from the report
Hotfix information
A supported hotfix is available from Microsoft. There is a "Hotfix download available" section at the top of this Knowledge Base article. If you are encountering an issue downloading, installing this hotfix, or have other technical support questions, contact your partner or, if enrolled in a support plan directly with Microsoft, you can contact technical support for Microsoft Dynamics and create a new support request. To do this, visit the following Microsoft website:
You can also contact technical support for Microsoft Dynamics by telephone by using these links for country specific telephone numbers. To do this, visit one of the following Microsoft websites:
PartnersCustomersIn special cases, charges that are ordinarily incurred for support calls may be canceled if a Technical Support Professional for Microsoft Dynamics and related products determines that a specific update will resolve your problem. The usual support costs will apply to any additional support questions and issues that do not qualify for the specific update in question.
