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What is IBS?
The Immediate Supply of Information (SII) is a new VAT management system that came into force on 1 July 2017.
This new model is based on an almost immediate processing of the invoicing records by means of keeping the Registry Books through the AEAT's Electronic Headquarters.
The entry into force of this system requires a profound fiscal and technological adaptation on the part of the companies affected. They must implement software that provides security and immediacy in order to comply with the requirements of the Tax Agency.
Goom SII at Business Central
At Goom we have developed a solution integrated with Microsoft Dynamics NAV (Navision) and Business Central.
Implications of IBS
The SII transforms the invoicing registration process by establishing new procedures and deadlines, the non-compliance with which carries a financial penalty.
Companies have 4 days, with the exception of Saturdays, Sundays and national holidays, from the accounting registration of the invoice to provide the information correctly to the Tax Agency. In other words, this period is the period available to companies to make the relevant corrections. In addition, invoices must be issued no later than the 15th day of the month following their registration.
In the event of failure to meet deadlines, the justified reasons for the delay must be formally explained to the Tax Agency, which will judge its validity.
Which companies are affected by the Immediate Provision of Information?
What does the implementation of IBS achieve?
The Goom solution for SII is a module incorporated into Microsoft Dynamics NAV (Navision), version 2009 and later. It includes:
Version v1.1. of the Immediate Information System (IIS) came into force on 1 July 2018. This version has been updated to comply with the new requirements effective from January 2021 .Check here for details of the version:
SII module in NAV
SII module in NAV
Dozens of companies already rely on Goom SII
Contact us without obligation and we will advise you.