Determination of the amount of VAT payable to the budget.

Calculation of VAT payable to the budget: example

VAT payable to the budget is calculated based on the results of each period. In some cases, it is possible for the state to reimburse the obligation if, at the end of the period, the amount of deductions is greater than the amount of the contribution. To calculate the amount of VAT, you will need to submit a declaration of deductions, a copy of the contract, as well as statements confirming the movement of funds, copies of invoices, etc.

You can consider an example of how the calculation algorithm is determined. For example, LLC revenue for the second quarter amounted to 300 and 500 thousand (a rate of 10 and 20% was applied). To establish the payment amount you need:

• Determine the amount of payment based on the results of the sale – (300,00010%)/100 + (500,00020%)/100 = 30,000 + 100,000=130,000.
• Establish the amount that the organization contributed as part of the price for the products and which is subject to deduction - 200,000 (the amount of purchase of products taxed at a rate of 10%, the fee is already included in the price) * 10% + 250,000 (the cost of paid goods taxed at a rate of 20 %) * 20% = 20,000 + 50,000 = 70,000.
• We calculate the indicator for transfer to the budget – 130,000 – 70,000 = 60,000.

Reporting is submitted quarterly, in accordance with the Tax Code of the Russian Federation. The formulas for determining deductions are not complicated. The contribution amount is the cost of products and services including excise taxes, but without tax, multiplied by the rate. In total, several types of rates are used - 0 and 10% - preferential, as well as the main rate - 20%.

To establish the accrued payment, it is necessary to add the collection from goods sold with deductions from the prepayment. To calculate the contribution deduction, add:

• A payment made to a payer when purchasing products or services.
• Tax imposed upon transfer of prepayment.
• A fee paid at customs upon import.
• A contribution calculated by the seller from an advance payment at the time of shipment of products.
• Fee paid as an agent.

The total amount to be paid to the budget will be equal to the accrued payment minus the deduction.

Procedure for calculating VAT

The tax calculation formula is quite simple. It is necessary to track the size of the bet for which the calculation is carried out. In general, the formula for calculating VAT is as follows:

VAT = cost of goods and services sold excluding VAT × tax rate

There have been changes in Russian legislation; now the value added tax rate is 20%. Preferential taxation in terms of VAT has been preserved. For example, some goods are subject to a rate of 10%, or 0%.

To isolate the amount of VAT from the existing amount, resort to the following form of calculation:

VAT = Tax base × Estimated VAT rate

This operation is necessary if the seller wants to receive an advance payment for the goods supplied.

Calculation of VAT for a quarter involves the inclusion of sales tax in the total amount, as well as tax on prepayment received for the period. There are cases when value added tax payers must reinstate the tax.

Definition 2

Recovered VAT is that part of the tax that was previously accepted for deduction, but due to certain changes must be returned to the budget.

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VAT recovery is carried out in the following cases:

1. Transfer of intangible assets, property as authorized capital.
2. Further use of intangible assets and property for sale outside the territory of the Russian Federation.
3. Receipt of goods by the buyer for which he previously received an advance payment.
4. A decrease in the cost of products received due to a decrease in the quantity of goods or a decrease in price.
5. Receiving subsidies from the federal budget.

Note 2

For each of the above cases, the legislation stipulates specific conditions for tax restoration. Additionally, tax recovery differs for fixed assets, materials and intangible assets.

Confirmation of accrual and deductions for VAT

Both organizations and individual entrepreneurs must pay VAT to the budget. You can determine the amount to be paid to the budget using formulas; you need to multiply the amount by the tariff.

Only those persons who use OSN can claim a contribution deduction. If the company is exempt from making payments, it is impossible to calculate deductions from the budget.

In what cases can you claim a deduction:

• When exporting products.
• When purchasing Russian products.
• When purchasing goods from foreign suppliers who are not registered in the Russian Federation as payers of contributions.

There are some conditions for accepting a contribution for deduction. Thus, the deduction can be claimed no later than 3 years after the products or work are accepted for registration. Purchased goods must be used for resale. If the deduction relates to imported products, the tax must be paid at Russian customs. Documentation to receive a deduction must be completed in accordance with the rules.

To reimburse the payment, you will need to provide an invoice and a transfer document. Additionally, you will need to complete the primary documentation and check that all fields are filled out correctly.

In some situations, the payer may be denied a deduction. The main reason is incorrect execution of the invoice, lack of a corresponding account in the declaration, lack of sales, transactions were exempt from tax. If a refund is refused, the payer must make deductions or challenge the inspector’s decision in court.

VAT: basic definitions and formulas

This payment is an indirect contribution that is transferred to the budget of the Russian Federation and represents added value. According to the Tax Code of the Russian Federation, there are three main rates for paying contributions.

Zero interest is paid when exporting products, as well as for specific products. A 10% rate is used for the sale of certain products for children, medical equipment, and socially important food products. The 20% rate is the basic rate and is used for products that are not eligible for benefits.

There is a formula for calculating payment. You need to multiply the cost of products sold with excise taxes, but without taking into account the tax, by the tariff. Calculation example: the company sold a product taxed at a rate of 10%, costing 200,000. Then the tax will be 20,000 (200,000*10/100).

Calculation of VAT on the amount

It is recommended that you familiarize yourself with how to correctly calculate VAT from the amount to be paid to the budget. For the calculation, the indicator is taken without taking into account the contribution, and multiplied by the tariff (0,10,20), the resulting value is divided by 100.

Example: a company sells sofas worth 30,000 rubles without deductions for 1 item. The rate is standard and equal to 20%. A tax of 20% of the amount will be 30,000 * 20/100 = 6,000. It turns out that the price of the product with the contribution will be 30 thousand + 6 thousand, equal to 36 thousand rubles.

VAT calculation including

There are some nuances in entering VAT payable to the budget or added value. Calculating the tax “including” involves allocating a deduction already included in the final amount. The formula will be as follows: the amount with deductions is multiplied by the tariff rate, the resulting value is divided by the tax rate +100.

Sample at a rate of 20% - amount with contribution * 20 / 120. Example: an organization sells microwave ovens at a cost of 5,000 per unit, including tax. The basic rate applies and is 20%. The payment will be 5000*20/120= 833.33. That is, the cost of the goods without payment will be 5000-833.33 = 4166.67.

How to calculate value added tax with example

In addition to the VAT tax rates of 0, 10 and 18%, two more rates are applied: 100% * 10% / 110% 100% * 18% / 118%. These tax rates are applied when it is necessary to separate VAT from the amount. Let's look at an example of using these rates. The organization Delta LLC receives payment on account of future delivery in the amount of 177 thousand rubles. In this advance payment, VAT must be allocated and paid to the budget. In order to calculate VAT from the amount, one of the above interest rates is used, depending on the type of goods. Suppose you have received payment for products subject to VAT at a rate of 18%, in order to isolate VAT from this amount, you must use a rate of 100% * 18% / 118%. VAT = 177 thousand * (18*/118) = 27 thousand rubles. Features of the VAT payment procedure. Deadline for submitting a VAT return All organizations have a single reporting period - a quarter.

Also, if you restored VAT that was previously accepted for deduction, then do not forget to add the amount of the restored tax to the total amount of accrued VAT. VAT deduction formula VAT accepted for deduction in a given quarter is calculated using the formula below: If an organization/individual entrepreneur has VAT subject to deduction on construction and installation work performed for its own consumption, then this VAT is added to the total amount of VAT, accepted for deduction in a specific quarter. The final amount of VAT The amount of VAT that needs to be paid to the budget at the end of the quarter is calculated as follows: It is important to note that if, as a result of the calculations, the final value turns out to be zero, then you do not need to pay anything to the budget.

If the resulting value is negative, then you have the right to claim a VAT refund from the budget. How to extract 10% VAT from the amount: example, an individual entrepreneur received an advance payment for the upcoming supply of goods subject to VAT at a rate of 10%. The advance amount is 110,000 rubles, including VAT. In this case, in order to calculate the amount of input VAT, a calculated rate of 10/110 is applied (since the goods are taxed at a rate of 10%). Accordingly, the amount of VAT on the advance will be 10,000 rubles. (RUB 110,000 x 10/110). Formula for accrued VAT To calculate the amount of accrued VAT for a quarter, the following formula is used: If during the quarter construction and installation work was carried out for one’s own needs, an adjustment was made to the sale of goods (work, services) or a sale/adjustment to the sale of the enterprise as a whole as a property complex, then VAT on these transactions is also included in the total amount of accrued VAT.

How to find out how much VAT is included in the price of a product? If the price is indicated with VAT, then take this price as 118%, find the cost of 1% and multiply to determine how much 18% will be. (1100 rubles: 118 x 18 = 167 rubles 80 kopecks) Every quarter you calculate how much VAT is in all your sold goods and services. You deduct all VAT that you purchased (raw materials, rent of premises, purchase of goods, etc.). And you give the difference to the state - this is your VAT. Bottom line. VAT remitted to the state is calculated as the difference between purchase VAT and sales VAT. Therefore, if you work according to a simplified tax system (without VAT), and your customers are in the classical taxation system (with VAT), then they cannot reduce their VAT by the amount of your VAT (you do not have it). And they are forced to pay more taxes to the state.

Sales ledger The seller must record the invoices that he himself issued to the buyer in the invoice ledger. Although today this is a right, not an obligation. But still, I recommend adhering to the old rules so that it is convenient to keep records, especially since this form has been preserved in many accounting programs.

Next, it must be registered in the sales book. Now this is an important tax document! Based on these documents, you will fill out a VAT return. It may also be required by tax authorities if necessary.

Purchase book In turn, in order to be eligible for VAT deduction, you need an invoice received from the supplier. Payment of VAT upon import must be confirmed by a document that records the payment of tax at customs. “Incoming” invoices are recorded in the invoices received journal and in the purchase ledger.

>VAT payable calculation

1.10. The procedure for calculating VAT payable to the budget

When performing transactions subject to VAT, taxpayers are required to calculate the amount of tax (clause

What are the tax rates according to the Tax Code?

There are several rates used to transfer VAT to the budget. Before calculating the tax payment, you need to establish what exact rate will be applied.

Since the beginning of 2021, the base or main rate has increased by 2%, and, instead of 18%, it will be equal to 20%. In addition to it, preferential tariffs are applied, which are 0% and 10%. The base rate applies to most transactions. 10% is relevant for some groups of goods that are socially important. Zero percent is applied for export operations, international transport, and for specific work and services.

If fees are not paid on time, sanctions may be applied to the violator. The amount is established by the Tax Code of the Russian Federation and is 20% of the unpaid amount if there are no signs of a violation, or 40% if the violation was committed intentionally. In addition, penalties are transferred, the amount of which depends on the amount and period of delay, the current refinancing rate.