How To Use The Control Index Of VAT In Practice?

The control index of inventory value added tax is a project often involved in the analysis of tax categories. The type is internal index (calculated according to the financial data of the enterprise itself, without external standard reference), including the control value of the input tax and the control value of the tax payable.

The control value of the input tax is the upper limit of tax which the enterprise can deduct in the current period. The object of the tax deduction is the actual input tax (excluding the fixed assets), and the taxable labor (such as freight and maintenance processing fee) is judged according to whether it is included in the inventory cost.

The relevant financial data of a chemical product wholesale enterprise: sales income 3000676.21 yuan, sales cost 2878269.47 yuan, initial inventory 285812.31 yuan, ending inventory 216984.82 yuan, actual deductible input tax 525452.02 yuan, actual tax payable 5457.46 yuan, the last time the tax is 0.

1. input tax control value = outgoing purchase control value * applicable tax rate = (sales cost + end inventory - initial inventory) * applicable tax rate = (2878269.47+216984.82-285812.31) * 17%=2809441.98 * 17%=477605.14 (yuan);

2. input tax control value - the actual deductible input tax =477605.14-525452.02=-47846.88 (yuan), the result is <0, indicating that the calculation value is abnormal.

1. tax payable control value = sales gross margin inventory increment * applicable tax rate - up to date tax allowance = (sales revenue + initial inventory - sales cost - end inventory) * applicable tax rate - last period tax = = (3000676.21+285812.31-2878269.47-216984.82) x 17%-0=191234.23 * 17%-0= 32509.82 (yuan);

Or: the control value of tax payable = sales income * applicable tax rate - input tax control value - the last period of tax is =3000676.21 * 17%-477605.14-0=32509.82 (yuan).

2. the actual amount of tax payable - the value of the tax payable =5457.46-32509.82=-27052.36 (yuan), the result <0, indicating that the measured value is abnormal.

The actual amount of tax payable - the control value of the tax payable, the control value of the input tax - the actual deduction tax, indicates that the test is inconsistent, and the authenticity and credibility of the data are doubtful.

The financial data of a paper plastic packaging enterprise: sales income 18065009.12 yuan; sales cost 17369992.20 yuan; initial inventory 1439366.33 yuan; ending inventory 1444558.86 yuan; included in the production cost.

The depreciation and amortization are 694384.34 yuan, 180431.40 yuan and 0 respectively, the actual deduction is 2877170.68 yuan, the actual tax payable is 193881.04 yuan, and the tax amount is 0.

1. input tax control value = outgoing purchase control value * applicable tax rate (sales cost + end inventory - initial inventory - wage, depreciation, amortization part of production cost) * applicable tax rate =[17369992.2+1444558.86-1439366.33- (694384.34+180431.40+0)] * 17%=16500368.99 * 17%= 2805062.73 (yuan);

2. input tax control value - the actual deductible input tax =2805062.73-2877170.68=-72107.95 (yuan), the result is <0, indicating that the calculation value is abnormal.

1. the control value of tax payable = (sales gross margin + increment of products) * applicable tax rate - up to date tax allowance (sales revenue + initial inventory + production cost, wages, depreciation, amortization part - sales cost - end inventory) * applicable tax rate - the last period of tax is [18065009.12+1439366.33+ (694384.34+180431.40+0) -17369992.20-1444558.86] x 17%-0=1564640.13 * 17%-0=265988.82 (yuan));

Or: the control value of tax payable = sales income * applicable tax rate - input tax control value - the last period of tax is =18065009.12 * 17%-2805062.73-0=265988.82 (yuan).

2. the actual amount of tax payable - the value of the tax payable =193881.04-265988.82=-72107.78 (yuan), the result <0, indicating that the measured value is abnormal.

The actual amount of tax payable - the control value of the tax payable = the control value of the input tax - the actual deduction of the input tax, shows that the verification is consistent, and the data are basically truthful and reliable.

The above two indicators, if the comparison result is more than 0, both indicate that the calculated value is normal. If the comparison result is <0, but the absolute value <10, it should also be regarded as normal, mostly due to the calculation conversion; the verification value tail number error is ignored.

Employees' remuneration, depreciation, amortization (value added) can not be obtained directly from the public financial statements, and enterprises' accounts should be querying.

According to usual experience, the final tax paid by the enterprise will exceed the abnormal value calculated.

Analysis

The control value should be focused on whether the enterprise is making a false statement, making more contributions, or issuing unconverted cost and uncounted inventory.

The commercial part of this indicator is the prototype formula, which has been used for a long time. The industrial part is innovated by the author and has higher sensitivity.

In case 2, if the calculated value is normal (17369992.20+1444558.86-1439366.33) * 17%-2877170.68=76610.72 (yuan) according to the prototype formula, the industrial formula is not only abnormal in calculation value, but also obviously enlarged (-72107.95 yuan).

This index (absolute value) is more simple, intuitive and easier to understand than the difference rate (relative value) of the input tax control value in the risk identification report.

Case 1, the difference rate of the input tax control value = (input tax control value - actual deductible input tax). The actual deductible input tax = (477605.14-525452.02) 525452.02=-9.11%, often let people fog and fog around, do not see the instructions can not know exactly how the indicators are calculated and the results are normal.

To analyze the control value of the tax payable, we should focus on whether the enterprise conceals income and whether more costs are pferred. Combined with the external indexes such as gross profit margin and industry tax rate, the effect is better.

This index was first created by the author, the formula principle and the test and verification of the ideal model. The details of the control index of inventory value added tax are detailed.

Analysis of data consistency requires special attention. Data in risk identification reports can not be used directly and must be restored.

A more direct disposition is that the sales tax only takes the sales income as the applicable tax rate; the actual input tax eliminates the factors irrelevant to the stock price; the actual tax payable is reduced by the two party.

The set of indicators and formulas belong to

The logical test with tax turnover only serves as a hint and does not pursue absolute accuracy.

There must be some problems when the calculation value is abnormal. The normal value of the calculation does not mean that we can sit back and relax.

If we make good use of it, we will do something in tax assessment or tax inspection.

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