Economical science/3. Financial relations

 

PhD. Poltorak A. S.,  Gysarenko V. V., Voroshulova O. G.

Mykolayiv National Agrarian University, Mykolayiv, Ukraine

 

ApPlication features of unified register of tax invoices in Ukraine

In modern terms, the procedure for submission of tax bills to the monitoring institutes has its own characteristics that determine the effective strength in organization of information space. The main role here belongs to software that performs rapid processing of information as well as complete control and analysis of information process, for what Unified Register of tax invoices was created.

Unified Register of tax invoices is a register which contains general information about tax invoices and payments adjustments, which organizes the central executive body, which forms the purposes and functions of state fiscal policies and implement them electronically according to the documents of extra profits tax, provided by tax payers.

By carrying out the process of delivery of goods / services, the seller (the taxpayer) in set deadlines should make tax invoice and register it in the Unified Register of tax invoice.

Tax invoice – is a document that proves the relationship between enterprises and provides authority for calculating the amount of tax that is included in the tax credit.

It is advisable to select the following key application features of the Unified State Register of tax invoices:

– registration of tax invoices in Unified Register of tax invoices must be done within 15 calendar days following the date of tax liabilities recorded in the relevant tax invoices [1].

– if there is a violation in goods and services tax terms registration tax invoices in Unified Register of tax invoices by payers, there are the following penalties:

• in case of violation of registration tax invoices  up to 15 days – 10 percent of the value added tax is added;

• from 16 till 30 days – 20 percent of the VAT;

• from 31 till 60 days – 30 percent of the VAT;

• from 61 days or more – 40 per cent of VAT.

– a taxpayer has the right to register the tax invoice and / or offset calculation in the Unified Register of tax invoices just in condition that the amount of tax not exceeding the amount calculated in accordance with the GCC [1].

–  for receiving the opportunity to register a tax invoice in Unified Register  of tax invoices, a check for compliance with the registration amount to the sum of VAT is made . In case this amount is smaller than the value added tax, registration of such tax invoice will be rejected.

–  assuming the seller of goods or services errors in the tax invoice or in violation seller or buyer registration deadlines in Unified Register  of tax invoices, buyer or seller of goods / services can reinforce the tax return for the reporting tax period statement of complaint to this seller / buyer.

File such complaint buyer / seller has the right within 365 days following the deadline for filing tax returns for the reporting (tax) period [1]. The statement also added up commercial checks or other settlement documents certifying the payment of VAT on goods / services, copies of original documents confirming the receipt of goods / services.

Ministry of Finance of Ukraine submitted a tax reform, which states that in 2017 some changes in the collection of VAT are predicted, namely for late registration tax invoices in Unified Register of tax invoices. It is proposed to increase the penalty to 50 percent of VAT.

We would like to mention that the penalty for late registration tax invoices overlap, but should the cause be the payer. In addition, the proposed penalties are going to be extend to cases where tax invoices are not issued to the buyer. In TCU found only one deadline for registration tax invoice – 15 calendar days following the date of tax obligations. Tax invoice can be regestrated later this term, but with the application of penalties. The maximum term of registration of the tax invoice is not directly established, but tax authorities consider that it have not exceed 180 days. Meanwhile, the Finance Ministry believes that such period shall be 365 calendar days.

Given the foregoing, we can conclude that in the process of tax reform editing of rule regulations of Unified State Register of tax invoices is made. We are of the opinion that these changes will affect the efficiency of VAT taxation in Ukraine.

Literature

1. Tax Code of Ukraine: The Law of Ukraine of 02.12.2010. ¹ 2755-VI / Verkhovna Rada of Ukraine [Electronic resource]. – Access: https://goo.gl/tjTppb

2. Cazanova M. M.  "Restrictive" terms of VAT (180, 365, 1095): The details of the application / M. M. Casanova [Electronic resource]. – Access: https://goo.gl/ylRpVu

3. Tovstopyat U. S.  Another Tax Reform – 2017: zonduyemo soil / U. S. Tovstopyat [Electronic resource]. – Access: https://goo.gl/Kq1htK