Form 347 corresponds to the annual declaration of transactions with third parties, that is, it is the information that the self-employed and SMEs transmit to the Tax Agency, in the transactions in which they have obtained more than 3.005,00 euros during the previous year.
The Treasury recently issued a statement establishing that the filing of this form would take place between January 1st and 28th, which was not well received by tax advisors in our country, because it meant a significant increase in work, given that January is already a month that is saturated with tax obligations.
But the Treasury has reversed course and now announces that this form can be submitted in February, based on the modification of Order HFP/1106/2017, which initially established that its submission would take place in January.
Everything is achieved thanks to the various meetings between the Treasury and the FETTAF (Spanish Federation of Tax Technicians and Tax Advisors), in which the tax advisors explained the problem of this situation in which they estimate that there would be many errors in the declarations, taking into account Take into account the lack of time they would have to complete this model, which would mean an avalanche of complementary and substitute declarations, and even sanctions.
Fortunately, the Tax Office has rectified the situation, and now both tax advisors and their clients will be able to comply with tax obligations with enough time to avoid problems with tax returns, which ultimately overwhelm the tax administration.
