Calculation of UTII for IP

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

UTII is considered an interesting and profitable choice of tax regime for many entrepreneurs. You can use this system only in a limited number of regions where local authorities allow the use of the regime. Additionally, it only applies to certain areas of work. The calculation of UTII has certain nuances, since the amount of tax depends on the physical indicator of the business, and different coefficients and basic profitability are also taken into account. Most of the values used are set by the authorities, so entrepreneurs cannot influence them.

Which field of application?

In art. 346.26 of the Tax Code lists all types of activities for which imputed income can be applied. Standardly, this includes cargo transportation, passenger transportation, opening a catering establishment, as well as the provision of household, hairdressing and many other services.

Before submitting a notification of the transition to this mode, you need to contact the department of the Federal Tax Service to clarify the possibility of its application.

What indicators are used to calculate?

To get it rightto determine the amount of tax that should be transferred to the budget on a quarterly basis, it is necessary to understand well what indicators should be used for this. The calculation of UTII in 2018 involves the use of different values:

• underlying return is the potential operating income for the month calculated by the authorities, so it differs significantly for freight or retail;
• a physical indicator is represented by various business parameters, which include the area of a trading or showroom, the amount of space for passengers in transport, or other parameters;
• imputed income is represented by multiplying a physical indicator by a basic income;
• K1 is the deflator coefficient set at the state level, and it changes annually;
• K2 is a correction factor calculated by the local authorities of each region, for which the economic situation of the region, the characteristics of small businesses and other significant criteria are taken into account;
• tax rate equal to 15%.

It is the above indicators that make it possible to correctly calculate the tax. You can find out most of the values only in the Federal Tax Service, and you can also find the necessary numbers on the official website of the inspection.

Who is the payer?

The calculation of UTII must be performed by all entrepreneurs who have voluntarily chosen this tax regime for doing business.

Before switching to a system, it is important to make sure that itoperates on the territory of a particular region. Additionally, you should check that the chosen field of work fits this system. The number of employed employees of an entrepreneur should not exceed 100 people.

What is taxable?

The object of taxation is the direct imputed income, calculated for each activity separately. It additionally depends on the physical performance indicator.

A physical indicator is usually the size of a retail space, the number of employees in a company, the number of seats for passengers in transport, or the area of a showroom in a catering establishment.

The tax base is the amount of imputed income, for which the base income is multiplied by the physical indicator of activity.

Rules for the preparation and submission of reports

Each entrepreneur must not only calculate UTII, but also quarterly submit a declaration to the Federal Tax Service.

Documentation must be generated every three months, after which it is submitted to the inspection by the 20th day of the month following the end of the quarter.

Which taxes are being replaced?

When using an imputed tax, entrepreneurs may not pay many other taxes:

• IP do not pay personal income tax and property tax;
• companies are exempt from paying VAT, property tax and income tax.

Such UTII parameters are considered its indisputable advantage, as it significantly reducestax burden on taxpayers. The tax period for UTII is a quarter, so the tax must be transferred every three months.

Tax payment rules

Calculation of UTII and payment of tax is made quarterly until the 25th day of the month following the end of the tax period. The basis for this is the provisions of Art. 346.32 NK.

Taxpayers have the right to reduce the calculated amount for insurance payments transferred to various funds, which include the PF, FSS and MHIF. If the entrepreneur does not have officially employed employees, then he can reduce the fee by the entire amount transferred for himself.

If an individual entrepreneur employs hired specialists, then he can reduce the tax only by 50% of the total amount transferred to the funds. Therefore, it is required to correctly calculate UTII insurance premiums in order to be able to reduce the tax burden on the entrepreneur.

What changes were made in 2018?

Various changes are regularly made to tax legislation, so all businessmen should regularly monitor various innovations, which will allow them to avoid violating the law and accruing significant fines. The changes even apply to the calculation of UTII. 2018 brought some changes for this tax regime.

From the beginning of 2018, a new K1 indicator of 1,868 is now used.

Wherefunds transferred?

It is important not only to understand how the calculation of UTII for individual entrepreneurs in 2018 is implemented, but also to decide where the correctly determined amount is transferred.

Entrepreneurs operating from different stationary premises transfer funds to the location of their store, trading floor or catering establishment.

If an individual entrepreneur is engaged in distribution or peddling trade, specializes in advertising at various sites or offers freight or passenger transportation, then registration is carried out in the region of residence of the citizen. Additionally, the city where the main office is located can be used for this.

Responsibility for violations

If there are no transfers to the budget within the established timeframe, then the entrepreneur will certainly be held administratively liable.

Based on Art. 45 of the Tax Code, he will have to pay a fine equal to 20% of the tax amount. If the tax authorities have evidence that the taxpayer deliberately refuses to transfer funds, then the fine will increase to 40% of the fee.

Additionally, a fine is charged for each day of delay.

Calculation rules

The calculation of UTII is considered quite simple, so entrepreneurs usually deal with this process on their own. This allows you to save on the wages of a qualified accountant.

The formula for calculating UTII is presented as follows:

Charge=taxbase (physical indicatorbasic returnK1K2)tax rate.

If you want to make a calculation not for the entire quarter, but for a month or even several days, then you should determine the exact number of days when the entrepreneur carried out activities under this regime. This indicator is multiplied by the tax base, after which the resulting value is divided by all days in the quarter.

Calculation of UTII in 2018 requires the determination of the base yield, and you can see the current information in Art. 346.29 NK. For each activity, this value has a unique size. Only when using up-to-date information, the correct calculation of UTII is made. Cargo transportation is considered a popular area of work. When calculating, it is required to take the basic yield in the amount of 6 thousand rubles.

If an entrepreneur specializes in retail trade, then the basic profitability per month is 4.5 thousand rubles.

To find out the K2 coefficient, it is recommended to contact the local branch of the Federal Tax Service, since this indicator differs significantly for each region. It can vary from 0.005 to 1. Based on this figure, the amount of the underlying profit decreases, so it reduces the amount payable.

Calculation example

In each region, unique types of activities can be established for which entrepreneurs can work under the UTII regime. Most cities allow retail merchandise.

Calculation of UTII for retail trade is considered sufficientsimple. For example, an entrepreneur sells goods for animals in a stationary store with an area of 20 square meters. m.

To calculate the fee, the following indicators are used:

• basic profitability for this type of activity is 1800 rubles. per month;
• physical indicator is 20 square meters. m.;
• K1 set at 1,868 for 2018;
• K2 in the region is 0, 4.

All values are substituted into the formula: 20 x 1800 x 1.868 x 04=26899.2 rubles. For the quarter, the tax base will be: 26899.2 x 3=80697.6 rubles. 15% is charged from it, therefore, for the quarter, the entrepreneur is obliged to pay the state 80697.6 x 15%=12104.64 rubles.

If you use this example, it will not be difficult to calculate UTII for individual entrepreneurs. Retail trade can be replaced by delivery or peddling sales of various goods, household services or other work. In this case, only the underlying yield and the physical indicator will change.

Additionally, this payment for insurance premiums may be reduced. If an individual entrepreneur works independently, therefore, does not involve employees, then he can deduct from the calculated amount all the funds paid to various state funds for himself. This significantly reduces the tax burden.

How to calculate for an incomplete quarter?

If the entrepreneur worked for an incomplete quarter, then the days that the individual entrepreneur actually did business are taken into account. For example, a businessman worked for only two months on UTII, so 60 days are included in the calculation, and the resulting value is divided by the tot althe number of days in a quarter, conditionally equal to 90 days.

Tax base=20 x 60 x 1800 x 1, 868 x 04 / 90=17932, 8 rubles. Already from this value, 15% is further charged, so the following is transferred to the budget: 17932.8 x 0.15=2689.92 rubles

Using special calculators

To simplify settlements, entrepreneurs can use a special program created directly by the Federal Tax Service. It is called "Legal Taxpayer". With its help, you can draw up various declarations or other reports, as well as automatically calculate the tax.

To use such a program, you just need to enter the necessary information about the physical indicator, profitability and other values into its form. It is indicated how many days the entrepreneur actually worked on UTII during the quarter. Next, an automatic and correct calculation is made.

There are numerous online calculators on the net, which also allow you to quickly and correctly calculate the tax.

Conclusion

UTII is a simplified regime that IPs can choose only in some regions. It is suitable for certain areas of activity, and is also chosen by entrepreneurs voluntarily. It is considered easy to use, as it is not difficult to calculate the tax correctly.

Entrepreneurs must correctly calculate and pay the fee in a timely manner so as not to violate the law and not be held administratively liable. Additionally, they have a need to submit quarterly to the Federal Tax ServiceUTII declarations.