Improvement of the Value Added Tax Administration Model

This study is devoted to the research and development of a new model of value added tax administration using the capabilities of banks, which within the framework of the new model will exchange data with the tax authorities and analyze payments between counterparties regarding their relationship to VAT calculations. The possibility of refusing to prepare tax documents when identifying an advance is substantiated, and in this regard it is proposed to supplement the VAT registration limit formula with new components, the values of which will be reflected in the VAT Declaration and the new Appendix to it. It is also proposed to enrich the format of the tax invoice with data on prepayments and the format of the payment order with VAT-related information. The article provides a format for exchanging messages between banks and tax authorities regarding VAT-related payments. The paper presents the functioning scheme of the new model of VAT administration and gives examples of the formation of reporting indicators. Keywords: VAT administration, registration limit formula, budget reimbursement, pre-calculated VAT.