The General Administration Of Taxation Opens New VAT Invoices In August 1St.

In order to further standardize Value added tax Invoice management has met the needs of business tax to levy VAT. The General Administration of Taxation has issued a notice recently that it has decided to start the new special invoice, freight special ticket and general invoice from August 1st.

It is understood that the revised version of the new VAT invoices and VAT invoices, in addition to representing the eighth types of invoice code, has been changed to the "sales unit" column and the "purchase unit" column all the way to "sales party" and "purchaser". The name "column of goods or taxable labor" has been changed to "goods or taxable labor services and service names", mainly because the service business of the original business tax has been included in the scope of value-added tax after the camp has been changed to increase.

new edition Special invoice and Freight invoice The text of the invoice monitoring badge and the parallel bars is eliminated, and the security features are preserved. Some anti-counterfeiting features are retained, and the anti-counterfeiting characteristics such as light angle and color ring fiber are increased, so that the anti-counterfeiting characteristics reach 9 items, forming a strict three level anti-counterfeiting system for the public, professional and expert.

The State Administration of Taxation will publicize the 5 anti counterfeiting features such as the angle coloring ring fiber and so on, so that taxpayers and tax officials will be able to identify the authenticity of the invoice preliminarily, and build the first barrier to prevent the use of value-added tax invoices to evade tax fraud.

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According to foreign media, the UK inflation rate rose more than expected in June, reaching 1.9%, the second inflation rate since June 2013, mainly due to the rise in clothing and footwear prices.

Inflation, employment growth and other economic growth signals are likely to cause the Bank of England to raise interest rates during the year. Investors' anticipation of rate hikes led to a 0.4% rise in the pound against the dollar, to 1 US $1.714.

The growth rate of British residents' income has declined, and the average income growth rate in the first quarter is only 0.7%. Samuel Tombs, a British economist, said inflation is expected to decrease in the second half of the year because of the appreciation of the pound, lower import costs and fierce competition in the supermarket. It is estimated that the central bank will only raise interest rates gradually next year.