What is the procedure for a taxpayer to act in a situation where there was an error in calculating VAT in the declaration for the last quarter, and how to properly file an updated declaration, taking into account changes in tax legislation as of the current date?
The procedure for a taxpayer's actions in a situation where there was an error in calculating VAT in the declaration for the previous quarter is as follows:
Step 1: Error Detection
Check that the VAT amounts are calculated correctly and that the declaration form is filled out. Errors may occur due to incorrect accounting of the tax base, incorrect application of tax rates, or errors in paperwork.
Step 2: Preparation of the updated declaration
Fill out the form of the updated declaration (form CND 1151001) with the correct information. An updated declaration is submitted regardless of whether there was a shortage or an overpaid tax.
Step 3: Calculation of the penalty (in case of arrears)
If a VAT arrears is detected, the taxpayer must calculate and pay the penalties for each day of late payment of the tax. The formula for calculating the penalty is as follows:
Penalty = (Amount of arrears)×(Interest rate of the Bank of Russia/100)×(Number of days overdue)
Please note that the interest rate is determined by the Bank of Russia and is subject to regular updates.
Step 4: Payment of the missing amount of taxes and penalties
Pay the tax arrears and accrued penalties through the taxpayer's personal account or in any other convenient way.
Step 5: Submission of the updated declaration
Submit an updated declaration to the tax office using one of the following methods:
- personally or through a representative;
- by mail with delivery notification;
- electronically via telecommunication channels.
Specifics of submitting an updated declaration for 2025:
Starting in 2025, according to changes in tax legislation, additional conditions have been introduced for VAT exemption for simplified tax service providers. For example, an exemption is granted only if the income for the past year is below a certain threshold (60 million rubles). If the income is exceeded, it becomes necessary to file reports and pay VAT.
Important points:
- Do not allow a delay in submitting an updated declaration, as this will lead to additional fines and penalties.
- Keep copies of all primary documents and explanations for possible confirmation of the correctness of tax calculations.
Proper registration and timely filing of an updated declaration will avoid sanctions from the tax authorities.