2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
VAT calculation in accounting has its own characteristics. The latter can be especially carefully checked by employees of the Federal Tax Service when checking the activities of legal entities. Therefore, correct accounting of VAT in the organization is necessary.
Tax calculation
Accounting for such a tax in accounting is carried out on several accounts. The main ones are 19 and 68. In the latter, such a payment is recorded on the subaccount of the same name.
- The receipt of certain valuables by the enterprise is reflected in the posting (debit-credit): 19 - 60 (76).
- The amount of VAT recorded in the debit of account 19, reflected in the invoice, is debited to the account on February 68: 68.02 - 19.
- If an organization sells products and issues invoices with the tax in question, then the following entry is used in accounting: 90.3 - 68.
- After the end of the reporting period, on the sub-account "VAT" 68 accounts (68.02) we show the balance reflecting the debt of the legal entity for this tax.
- After transferring this payment to the budget, we make the posting: 68.02 - 51.
- If the tax payment deadline is overdue, the organization is charged a pen alty fee, which is reflected in the posting: 99 (c / account"Accrued pen alties") - 68.02 (we use analytics on accrued pen alties).
- Paying a pen alty is accompanied by posting: 68.02 (same analytics) - 51.
VAT accounting for an organization - tax agent for this tax
An organization can act as a tax agent for such a tax if it purchased products from a company that is not a resident of the Russian Federation and is not registered in our country, and also if it rents property that belongs to state or municipal structures.
In this case, the payment amount is calculated by multiplying the product cost and 18 (10), and then dividing it by 118 (110). Numbers in brackets or outside brackets apply depending on the tax rate applicable to a particular product.
VAT accounting in accounting when an organization acts as a tax agent for this tax is carried out according to the following entries:
- 20 (10, 25, 26, 41, 44) - 60 - the amount accepted for accounting for products excluding VAT;
- 19 - 60 - calculated tax;
- 60 - 68.02 - withheld from a foreign organization;
- 68.02 - 51 - tax transfer to the budget.
An organization accepts a payment deductible as a withholding agent if the following conditions are met:
- there is an acceptance certificate signed by the parties;
- payment from the supplier was collected and transferred to the budget;
- was issued an invoice by myself.
USN and VAT
As you know, legal entities and individual entrepreneurs,applying the simplified tax system in their activities are exempt from paying and accounting for VAT.
However, there are some exceptions to this rule.
A similar tax under the simplified tax system is paid in the following cases:
- If products are imported into the territory of our state.
- If the activity is carried out under concession agreements, trust management agreements or simple partnerships when an economic entity is recognized as a tax agent. VAT accounting under the simplified tax system is carried out by the same transactions that were shown earlier. The withheld amount of such tax is not included in the deduction, since this economic entity is not a payer of the tax in question.
- If, at the request of customers, an organization located on the simplified tax system made invoices with allocated VAT. At the same time, revenue is classified as income, while tax cannot be attributed to expenses.
If an economic entity located on the simplified tax system acts as an intermediary, acting on its own behalf, then the tax in question is allocated in the invoices, the amount for which is not transferred to the budget.
Tax accounting
If an organization or individual entrepreneur is the payer of the payment in question, then both accounting and tax accounting for VAT is applied. This happens on the basis of Chapter 21 of the Tax Code of the Russian Federation.
When implementing the latter, it is necessary to take into account the object and base of taxation, the constituent parts of the tax payable. The first in the considered VAT accounting are operations performed by an economic entity for the saleproducts. The tax base is the monetary value of this object.
The accounting in question is carried out at the accrued amount minus the allocated tax for reimbursement by adding the restored payment.
During its implementation, sales and purchase books are filled in, and also, if the economic entity is an intermediary, the invoice registration log.
These registers are based on all invoices. Those forms of the above, which are used in the organization, constitute its accounting tax policy. It is being developed along with accounting.
Prices for goods for tax accounting should be average market with possible fluctuations within 20%.
VAT accounting in the program of the company "1C"
In 2016, the company updated the program, as a result of which it became possible to apply separate accounting for the tax in question. It must be used for those entities that carry out transactions both subject to such a payment and not subject to it.
After that, accounting for VAT in 1C became more understandable. Input tax can be tracked at any time.
VAT accounting in "1C: Accounting" is based on accumulative registers, which are the corresponding databases. Through them, you can detect errors in calculations and deductions. They speed up reporting and analysis.
Accounting for such a tax in the program under consideration occurs automatically. It is produced on the basistransactions and documents entered by users into the database.
From the "Receipt" or "Sale of goods and services" forms, you can register the "Invoice".
If an organization is just starting to carry out accounting in the described program, then at first it is necessary to set the accounting policy of the organization. For entities using OSNO, the program configures the VAT accounting parameters.
In closing
The main VAT accounts are 19 and 68.02. The wiring is shown above. It is carried out both in accounting and tax accounting. The tax is taken into account by maintaining the relevant registers, which include: a book of sales, purchases and a register of invoices. This concept, as a storage database, is also used in the main program used for accounting in general and for accounting for the tax in question in particular - "1C: Accounting".
Recommended:
Accounting documents are The concept, rules for registration and storage of accounting documents. 402-FZ "On Accounting". Article 9. Primary accounting documents
Proper execution of accounting documentation is very important for the process of generating accounting information and determining tax liabilities. Therefore, it is necessary to treat documents with special care. Specialists of accounting services, representatives of small businesses who keep independent records should know the main requirements for the creation, design, movement, storage of papers
Formation of accounting policy: basics and principles. Accounting policies for accounting purposes
Accounting policies (AP) are specific principles and procedures applied by the company's management for the preparation of financial statements. It differs in certain ways from accounting principles in that the latter are rules, and policies are the way a company adheres to those rules
Tax accounting is The purpose of tax accounting. Tax accounting in the organization
Tax accounting is the activity of summarizing information from primary documentation. The grouping of information is carried out in accordance with the provisions of the Tax Code. Payers independently develop a system by which tax records will be kept
Accounting for working hours in the summary accounting. Summarized accounting of the working time of drivers with a shift schedule. Overtime hours with summarized accounting of working time
The Labor Code provides for work with a summarized accounting of working hours. In practice, not all enterprises use this assumption. As a rule, this is due to certain difficulties in the calculation
How to fill out a VAT return? Calculate VAT. Completing a VAT return
implementation. Therefore, you need to know how to fill out a VAT return. What is VAT? If you tell the layman in simple words what VAT is, it will look something like this: this is a type of tax paid by a manufacturer to the state for creating (or selling something created by others) a product from which he will then make a profit, exceeding the cost of its production.