In the event of an error in the VAT or income tax return, the company may expect the tax inspectorate to charge penalties and organize an on-site inspection. To avoid such unpleasant consequences, it is necessary to correct the shortcomings in time by submitting an updated declaration. This procedure has its own procedure and features.
It is necessary
the form of the declaration form
Instructions
Step 1
Identify the error in the declaration that led to the incorrect calculation of VAT or income tax. Find out whether this error refers to an overpayment or underpayment of tax, since the timing of the submission of an updated declaration and the possible consequences in the form of penalties and interest depend on this.
Step 2
Check out the tax laws governing the filing of the revised return. So, according to Art. 88 of the Tax Code of the Russian Federation, the primary declaration undergoes a desk audit by a tax inspector within three months from the date of submission. If an error is revealed during the audit, the company undertakes to submit an updated declaration and pay the accrued penalties. However, in Art. 81 of the Tax Code of the Russian Federation states that in case of self-determination of the error and filling in and submitting the "revision" before the end of the desk audit, the tax authority does not have the right to impose a fine from the enterprise. Separately, there are cases when an error in the declaration led to an overpayment of tax. According to clause 2 of article 80 of the Tax Code of the Russian Federation and clause 1 of article 54 of the Tax Code of the Russian Federation, an enterprise is obliged to submit an updated declaration only when it wants to adjust the tax base and make a refund or refund of the overpayment.
Step 3
To fill out the revised declaration, use the form of the established form, which was valid in the tax period when an error occurred that led to the incorrect calculation of tax. The "revised" must be a fully revised primary declaration with all valid data filled in.
Step 4
Indicate in the column of the title page “Type of document” the value “3”, which will mark that this declaration is updated, and in the column “Correction number” put the serial number of the submitted corrected reporting.
Step 5
Submit an updated tax return every time you find an error in your tax calculation.
