The term of payment of VAT, the procedure for its accrual and the possibility of obtaining benefits is all that a businessman needs to know

Beginning entrepreneurs are always interested in the issue of taxes, including VAT, the procedure for calculating and paying. About this tax - VAT - and will be discussed in this article.

VAT is interpreted as a value added tax. This tax is calculated as a percentage (percentage) of the tax base, while it correlates with the tax rate. In the event that the rates are different, the amount of VAT is considered as follows: all taxes that are separately calculated at each rate are added.

The final or total amount of VAT is calculated as the sum of all transactions that recognize the object of taxation and which it made in a specific tax period.

The term for payment of VAT, as a rule, is as follows: it is paid not later than the 20th day following the results of each period (tax), that is, a month or a quarter. Pay VAT only at the place where the taxpayer is considered. At the same time, taxpayers are obliged to submit a tax return to the relevant authorities when paying VAT.

In case of realization of not only simple goods, but also services or works, the payer should take advantage of the simple price of these goods (services in this situation are also considered as a kind of goods) to the buyer for payment to present the calculated corresponding amount of VAT. When selling services, goods or works, the seller must present an invoice to his buyer. An invoice is a document that serves as the basis for accepting the amounts claimed for deduction or reimbursement. The term of payment of VAT (or rather, the period in which the seller must present such a paper to the buyer) equals 5 days.

The tax deductions for which the taxpayer has the right to reduce the final amount of the value-added tax are subject to VAT amounts that were presented to the payer and which he paid for when purchasing goods, services or works.
Briefly it is possible to say this: the amount of VAT is considered as the total amount of tax based on the results of each period, obtained as a result of the addition of tax amounts at rates of 0%, 10% or 18%.

In practice, quite often VAT is the difference between the amount paid by the taxpayer's clients and the amount that he or his various suppliers and partners previously paid.

In some special cases, the duty to add, transfer and withhold VAT is imposed on officials, called tax agents. In their role, individual entrepreneurship or special organizations most often appear. They must be registered with the relevant tax authorities and at the same time with foreign persons to purchase works, services or goods on the territory of the Russian Federation. The term of payment of VAT for them in this case does not change - just as before the 20th day of the month following the reporting period.

Legal entities may have such a question: how to pay VAT to an individual entrepreneur? Perhaps there are some benefits? Yes, indeed, there are benefits, but under several conditions:

• From the moment of registration IP must pass at least three months;
• Without VAT, revenue is not more than three million rubles;
• There is no realization of excisable goods.

If these conditions are met, individual entrepreneurship is completely exempt from VAT. If the PI was released from payment, and then acquired one of these properties, it again begins to pay VAT, while the term of payment of VAT does not change. In general, this period is always the same, it is standard: until the 20th day of the month that follows the end of the tax period.

But if there is an import of goods in the Russian Federation or an individual entrepreneur is a tax agent, then this exemption will not apply to him.

Get exemption from VAT can be absolutely from any month, and not only, as some believe, from the beginning of the next quarter. Therefore, if the IP is suitable for all conditions for VAT cancellation, you can take advantage of this fact almost immediately.