Analysis of the amendments introduced on VAT by Law 28/2014, with respect to Law 37/1992, and others modifications regarding this tax

Abstract

Last Friday 28 November, it was published in BOE the Law 28/2014, of November 27, which modifies VAT Law 37/1992, among others.

In the present article, the different amendments passed by Law 28/2014 are examined according to the current VAT Law structure for sake of a better comprehension. In addition, a reference will be made to the modifications that shall be made to the VAT Statute, considering the Royal Decree published in the Ministry of Finance and Public Administration's webpage.

Due to its importance, it can be highlighted the place of supply of certain transactions, as well as the amendments with regard to the special VAT regimes, with the creation of two new regimes which fall under the heading «special regimes applicable to the telecommunication, broadcasting & television and electronic services».

It should also be noted that, as of January 1, 2015, the amendments made by the EU legislator to the Execution Statute (EU) 282/2011, of March 15, of direct and mandatory application by the member States.

Finally, a brief reference will be made referred to the Order for 2015 of the simplified regime and other Orders to be enacted shortly.