BUDGETARY VAT REFUND. SHORT ABOUT THE MAIN

Budget Reimbursement - Reimbursement of the negative value of VAT, the validity of which is verified, including an automatic budget in accordance with the established rules.

  When does negative VAT occur? When your tax credit exceeds your tax liability (hereinafter referred to as "SO") and therefore the VAT return is negative. VAT refund refers to the transfer of this negative value to the current account of the enterprise. A more precise definition is given in paragraph 200.1 of the Tax Code, which reads as follows: the amount that is the difference between the tax liability of the reporting period and the tax credit of that period.

  In general, there are a lot of situations when you have a negative declaration. For example, when you have a purchase value of goods in the reporting period that is greater than the amount of sales of such goods. While it is clear that in one month you will have a negative value, but in the next situation you will be leveled and your tax liabilities will be higher than your tax credit. Therefore, such a minus is not necessarily compensated, but can be transferred to reduce the software in future periods. A fairly common situation is the creation of a fixed asset (construction). In the initial stages of such construction, a large accumulation of tax credit is possible, the compensation of which can free up construction funds. And the company can theoretically claim a refund.

  The main claimants for VAT reimbursement are those enterprises that apply a zero VAT rate. First of all, those who are engaged in export and international transportation.

Getting a refund from the budget is quite a hassle on the right. And some businesses, even in the presence of negative VAT amounts, cannot claim compensation due to legal restrictions. After all, everyone should pay a lot to the budget, and only the elect have the right to reimburse.

In no case shall they be entitled to a budget refund:

  1) Taxpayers who are in the status of VAT payer for less than 12 calendar months;

  2) Taxpayers whose taxable transactions are less than the amount of budget compensation in the last 12 months. That is, if the taxpayer has the amount of column "A" column row 6.1 of the VAT Declaration is less than the amount of VAT declared before the refund. then the taxpayer can only claim the amount within this amount of taxable transactions and the excess will be included in the tax credit of the following periods.

  Exception: regardless of the above two conditions, the taxpayer may claim for compensation of the PC formed as a result of the acquisition or construction of fixed assets (assets exceeding UAH 6000.00). He can safely reflect these amounts in line 23.2 of the VAT declaration.

  The tax has repeatedly tried to prohibit the refund of such VAT, citing various arguments that were rather dubious. In this case, the point was raised by the Supreme Court of Ukraine, which sided with taxpayers.
3) Agricultural producers operating under Art. 209 TCUs (those who submit special declarations 012, 0122, 0123 and 0130). This does not apply to agricultural exports;
4) VAT amounts that may be incurred when returning goods or advances received.
We will remind: from the budget refund VAT, actually paid by the recipient to suppliers or to the budget.

  In theory, any taxpayer who does not fall under the above exceptions can apply for a budget refund. As of January 1, 2015, VAT refunds are not required. and the right of taxpayers.

  What should taxpayers do with negative VAT and have their VAT certificate revoked?

  They can receive a refund and have to apply. The main thing is that such a tax credit is paid, that is, payments made to suppliers (VAT actually paid). Input VAT, which was generated during barter, settlements with bills, credits - is not refunded.

 It should also be noted that the amount claimed for reimbursement should not exceed the registration limit calculated by the formula.