SII is a real-time tax reporting requirement introduced in Spain on 1st July 2017. Any business which has annual turnover in excess of €6m in Spain; belongs to a VAT group in Spain, or applies the ‘REDEME’ scheme falls under the SII requirements.
Affected businesses are required to report to the Spanish tax authorities all invoices issued or received within a four day time limit.
This reporting requirement makes use of XML documents being uploaded to the Spanish Tax Authority wesbite.
Total-e-Solutions have a major client, that has opened a distribution centre in Spain. As their turnover will be in excess of the €6m figure they needed a software solution to this issue.
This has been provided and interfaces seamlessly to System21 Aurora.
If your company has a similar requirement then contact
Total-e-Solutions on +44 1924 480 798
or via our website http://www.total-e-solutions.co.uk/contact-us.asp