- If a VAT invoice is issued to a non-VAT payer who later turns out to be a VAT payer, options include submitting revised declarations, registering adjustments and new invoices, which may lead to fines, or not correcting the error and compensating the client through future supplies.
- Situation 1: If it occurs within the same month, issue a zero adjustment and do not reflect the operation in the declaration.
- Situation 2: If invoices were issued to a non-payer from January to November 2024, and in December the client requests VAT invoices, several options are available, each with challenges.
- Tax authority option: Submit a revised declaration for January to November 2024, show obligations to the payer, issue a negative adjustment in December, and register new invoices for the payer.
- If registration limit is insufficient, funds must be added to the electronic account to increase the limit.
- If amounts are small, consider not correcting past periods and offering a discount to the client in future supplies.
- Another option is not to submit a revised declaration if the VAT obligation amount is not understated, but this may still result in fines for late registration.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
