How to record the back-payment of VAT in previous years

1. Back-payment of VAT for the current year

Accounting entries for back-payment of VAT and late payment fines for the current year :

Debit: Relevant accounts (depending on the reason for tax payment)

Debit: Taxes payable--VAT inspection and adjustment

Debit: Payable Taxes--VAT inspection and adjustment

Credit: Taxes payable--VAT not paid

Debit: Taxes payable--VAT not paid

Non-operating expenses (late fees, fines)

Credit: bank deposits

The relevant items on the debit side depend on the reason for tax payment. There may be many reasons, depending on the actual situation.< /p>

1: Adjustment entries that should have been made as sales but were not made resulting in underrecording of output tax:

Debit: Accounts receivable (cash on hand, etc.)

Credit: Main business income

Taxes payable--VAT inspection and adjustment

2: The purchased goods are used for collective welfare, personal consumption, and non-taxable items. Adjustment entries for deducting input tax:

Debit: employee benefits payable (projects under construction, fixed assets, etc.)

Credit: taxes payable - value-added tax inspection adjustment

3: Due to obtaining false invoices, false issuance, agency invoices and other non-compliant invoices, the adjustment entries for input tax must be transferred out:

Debit: raw materials (inventory goods, etc.)

Credit: Taxes payable - VAT inspection and adjustment

2. Pay last year’s VAT back

For example: small-scale enterprises, check during tax self-examination Out, there was an income in the previous year that was not recorded in the account, and the value-added tax was required to be paid back.

Debit: accounts receivable, cash, etc.

Credit: adjustment of profit and loss in previous years

What are the penalties if the national tax VAT is paid overdue

If the national tax VAT is overdue, late payment fees will be calculated and paid. The overdue tax amount shall be calculated A penalty of 50,000, calculated based on the number of days.

1. According to the relevant provisions of the "Tax Collection Management Law": If a taxpayer fails to file a tax return and submit tax materials within the prescribed time limit, or the withholding agent Anyone who fails to submit tax withholding and remittance, collection and repayment tax reports and relevant materials to the tax authorities within the prescribed time limit shall be ordered by the tax authorities to make corrections within a time limit and may be fined not more than 2,000 yuan; if the circumstances are serious, the tax authorities may impose a fine of not more than 2,000 yuan. A fine of not less than 2,000 yuan but not more than 10,000 yuan.

2. In addition, taxpayers and withholding agents must file tax returns or submit tax withholdings and remittances, or collect and remit taxes within the prescribed time limit. If there are indeed difficulties with the reporting form and an extension is needed, a written extension application should be submitted to the tax authorities within the reporting period for extension. With the approval of the tax authorities, the declaration can be extended.

3. Under normal circumstances, if there are actual circumstances, If it is difficult to delay the declaration and the application is submitted to the competent tax authorities in a timely manner and is approved, no penalty will be imposed; however, if the conditions for delayed declaration are not met and the application is not approved, you should sincerely explain to the tax authorities and strive for approval. , then, as long as you make a supplementary declaration within the time limit approved by the tax authorities, generally you only need to pay late fees without penalty;

4. However, if the tax authorities fail to obtain approval for the delay, then the tax authorities will follow The Collection and Administration Law imposes penalties, but the intensity of the penalties may vary from place to place, and it is difficult to determine the specific amount of the penalty;

How to record the back payment of VAT in previous years? According to the accounting entries for the year in which the VAT was paid back will be different. In addition, the accounting entries made by small-scale taxpayers and general taxpayers when they pay back VAT will also be different. In particular, the VAT issues involved by general taxpayers are more complicated, and the financial department must be clear about it. Accounting content.