AEAT Follows Supreme Court Ruling on Late VAT Import Recargo

• The Spanish Tax Agency (AEAT) has changed its stance on late payment penalties for VAT deferred payments.
• The AEAT will now follow the Supreme Court’s ruling that penalties are not applicable if the error is corrected before the penalty is issued.
• This decision provides legal certainty and reduces the risk of penalties for taxpayers using the VAT deferred payment scheme.

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.