Every three months, more than 3 million SMEs and freelancers are obliged to submit their VAT returns. It is a process that, in many cases, is a real headache, because we have to complete it properly and respect the deadlines.
However, sometimes, we have to pay VAT invoices issued to creditors where there is reasonable doubt that they will not pay and even they end up being unpaid, which can endanger the liquidity of our company, especially in circumstances where we have to issue invoices using the accrual basis.
To solve this problem, you must perform a series of steps, among which is the issue of a document known as corrective invoice with a different numbering ordinary bills, which serves, among other things, to recover VAT from the unpaid invoices and thus prevent autonomous or SME have to pay the tax for the provision of a service that has not been paid.Continue reading →