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Practical manual VAT 2024.

7. Form 303

Order HAC /819/2024, of July 30 , introduces the following modifications to model 303:

A. Modifications to adapt model 303 to the new figure of the corrective self-assessment

In addition to the boxes for identifying the corrective self-assessment and, where applicable, the reasons for it, two new boxes are introduced in form 303:

  • The new box 108 is intended to allow those corrections for which there is no specific box in the model. This box may only be completed in those cases where the corrective self-assessment is due to a discrepancy in administrative criteria whose adjustment cannot be made through the rest of the boxes in the form. The amount of this adjustment will be taken into account when calculating the result of the self-assessment (box 69).

  • For its part, the new box 111 is created to allow the taxpayer to differentiate, in the case of refund requests, those that arise from the application of the Tax regulations from those that correspond to a request for undue income, taking into account the different regime for each refund.

B. Modifications to adapt model 303 to the tax rates of 2 percent and 7.5 percent

Form 303 is modified to make it possible to declare the new tax rates introduced by Royal Decree-Law 4/2024, of June 26.

C. Entry into force of the new model.

The new model, with the above modifications, will apply:

  • In the case of taxpayers with a monthly settlement period of , it will be applied for the first time to the self-assessment of September 2024.

  • In the case of taxpayers with a quarterly settlement period of ##, it will be applied for the first time to the self-assessment of the third quarter of 2024.

D. Direct debit on accounts opened in a non-collaborating entity belonging to the Single Euro Payments Area (SEPA Area)

In 2024, the option of direct debiting payments from accounts opened in a non-collaborating entity belonging to the Single Euro Payments Area (SEPA Area) will be introduced. (Until 2023, direct debit was only possible in an account opened in an entity collaborating in the collection management).

E. Rectifying self-assessment direct debit

Form 303 for the tax periods of September/third quarter of 2024 and following, the corrective self-assessments will allow the taxpayer the option to cancel or modify the amount of the direct debit of the corrected self-assessment .

This option will be available provided the following conditions are met:

  • The original self-assessment has a result to be entered whose income has been domiciled.

  • The corrective self-assessment is favorable for the taxpayer. That is, the amount in box 69 of the corrective self-assessment must be less than that in box 69 of the original self-assessment.

  • The presentation of said corrective self-assessment must be made within the direct debit period.

  • The supporting document number of the original declaration has been indicated in the corrective self-assessment.

When the above conditions are met, the taxpayer:

  • If the amount in box 69 of the corrective self-assessment is greater than zero, you can modify the amount of the direct debit of the first self-assessment, in which case, the amount in box 69 of the corrective self-assessment will be direct debited.

  • If the content of box 69 of the corrective self-assessment is less than or equal to zero, you can cancel the direct debit of the first self-assessment.