Starting July 1, 2015, the total amount on tax invoices to be recorded in the single registry (hereinafter – SRTI) equals the tax calculated using the formula set out in par. 2001.3, article 2001 of the Tax Code of Ukraine, the HO of the NFS in Ternopyl oblast reports.
Thus, when registering tax invoices in the SRTI or making adjustments, a taxpayer should have the sufficient amount for registration, implying that to register the tax invoice in the SRTI or calculate adjustments, the registration amount must be greater or equal to the VAT amount indicated on these documents.
If the registration amount is less than the VAT amount stated on the tax invoice or adjustments, it will be denied to register the tax invoice or adjustment.
In this case (if the registration amount is not sufficient), in order to register a tax invoice or adjustment, the taxpayer should increase its registration amount. This can be achieved in case of:
- receipt of tax invoices and adjustment (including the refund of VAT on goods/services supplied, with an increased amount), drawn up in the name of the said taxpayer and registered in the SRTI;
- payment of VAT when clearing goods through the customs;
- topping up the taxpayer’s account registered in the electronic VAT administration system (opened with the Treasury (electronic account).
In addition, the registration amount:
- on 01.07.2015, was increased by the so called “overdraft”: average tax declared and paid by the taxpayer to the budget during previous 12 months;
- till July 10, 2015, will be increased by excess tax deductions calculated as of July 1, 2015.
To note, the registration period of fiscal invoices/adjustment in the SRTI, with embedding the electronic VAT administration to ensure it’s functioning in the normal mode, has remained unchanged, within 15 calendar days since the date of drawing up the document. Moreover, starting 01.07.2015 the penalty of 10% over the VAT amount stated in the tax invoices/adjustments will be charged for violation of the SRTI registration term.
