Explanations for the income tax declaration

 The Federal Tax Service Inspectorate will finally ask for an explanation of the income tax declaration, if there are losses, the characteristics creep out with the VAT report or with accounting. Find out how to write explanations for the declaration in these options.

Inspectors often have questions as they inspect their income Tax Accountants Walsall. There are some contradictions in the report itself, there - the amounts do not coincide with those that appear in the rest of the submitted documents and company reports. In such cases, a serious inspector will ask for written explanations for the declaration. No matter how strange it may be, but the time for this will not be so small - only 5 working days (!). This period is fixed in clause 3 of article 88 of the Tax Code of the Russian Federation.

If a mistake really crept into your calculations, you will have to submit an updated declaration. But the reason for the inconsistencies can be fully justified. Then it is enough to put all the details to the inspector in writing and, so to speak, provide him with explanations to the declaration. And it is not even necessary to say that just for these cases we have finally prepared standards of explanations for you.

In any situation, attach copies of documents confirming those or other transactions to the letter. Of course, we all know very well that these can be contracts, invoices, invoices, payment orders, for example, for the transfer of interest under a loan agreement and other securities. The more you describe the operations, adding documents for each of them to the letter, the more convincing your arguments will be.

Different amounts of revenue in the income tax and VAT return

The fact that the amount of income in the income tax return seems to differ from the amount of income in the VAT report may raise questions. It goes without saying, but everything, as much say, therefore, that almost all controllers believe that these characteristics in both declarations should be similar.

But this is not entirely true. It should be noted that by no means all incomes that form the base for income tax are included in the proceeds for calculating VAT. I would like to emphasize that there are transactions on which you need to pay income tax, but at the same time, you do not have to calculate VAT. An example of this is the positive-sum differences (clause 4 of article 153, clause 11.1 of article 250 of the Tax Code of the Russian Federation). Their amount is attributed to non-operating income. Please note that, however, they do not affect the VAT base in any way.

It also happens on the contrary: there are transactions subject to VAT, which are not, as it were, taken into account when calculating income tax. For example, the donation of products.

Example

In January 2016, Mir LLC handed over products to its counterparty on a gratuitous basis with a total value of 30,000 rubles. excluding VAT. And it is not even necessary to say that in addition to this, the company's revenue for the first quarter of 2016 also amounted to 520,000 rubles. (without VAT). It is no secret that this figure was included in the quarterly income tax return as the company's income.

And in the VAT declaration in column 3 on line 010 of section 3, the accountant indicated 550,000 rubles. (520,000 + 30,000). All, therefore, that in case of gratuitous transfer of property, the Tax Code asks for VAT to be charged, as in ordinary sales. The most experienced accountant prepared in advance explanations for the declaration to the inspection. They might look like this.