Bilobrovenko T. Accounting and control of settlements with the budget for value added tax

The dissertation is devoted to the improvement of theoretical, methodological and organizational principles of accounting and control of calculations with the budget for the value added tax of enterprises in accordance with the current domestic legislation and foreign practice. Improved conceptual apparatus, in particular, the author's definition of VAT as an economic and accounting and analytical category is given, it is proposed to abolish the concept of «tax accounting of VAT» and introduce «tax calculations for VAT», the category «added value» as an object of taxation and its distinction from the concept of «the tax base of the VAT». The necessity of determining this category in the Tax Code is proved, since the object of taxation is not the full value of goods, but the added value. The efficiency of the accounting methodology of calculations with the budget for VAT in the conditions of electronic administration and monitoring of tax invoices at their registration is analyzed. To deepen the analytical accounting of payments with the budget for VAT, it is proposed to use the «Register of registration of tax invoices and their substitute documents», which will record data on advances paid to counterparties and actually paid VAT amounts.The general procedure is for the formation of financial reporting indicators, in particular Form No. 1 «Balance» (Statement of financial position) with emphasis on the correctness of displaying amounts of a tax credit and VAT liability in the Balance Sheet (Statement of financial position) of the enterprise. The essence of VAT as a short-term additional source of attracting working capital is specified. The algorithms of calculating the coefficients of attraction of VAT and VAT distortion are offered. The organizational provisions of the methodology and organization of payment control with the budget for VAT are developed. The general directions of perfection of accounting and control of settlements with the budget for VAT are systematized and deepened.