Internal and External Audit of Settlements with the Budget for the Value-Added Tax

Russian legislation in the field of tax, accounting and audit undergoes significant changes annually. These changes give rise to discussions in the scientific community and new problems for research. This paper examines the internal and external audit of calculations with the budget for value added tax. Based on the features of VAT, the study developed methodological recommendations for internal and external audit. VAT is characterized as one of the most difficult taxes to understand for taxpayers, as it provides for many exceptions and benefits in the accounting procedure. The changing tax legislation in terms of settlements with the VAT budget makes it difficult for enterprises to fulfill their tax obligations. As a result, the calculation and payment of tax to the budget is difficult and requires additional control. Tax audit allows to identify errors and inaccuracies in the procedure of calculation and payment of tax, as well as contributes to the optimization of taxation by developing recommendations for the elimination and prevention of defects. At the same time, a systematic audit of calculations with the VAT budget will eliminate tax arrears. The quality of the audit primarily depends on the methodology of its implementation. Thus, the purpose of this study is to develop information and methodological support of internal and external audit of calculations with the VAT budget with subsequent testing of audit procedures on the materials of a particular organization. The subject of the study is the generality of methodological, theoretical and practical aspects related to the organization and conduct of internal and external audit of calculations with the VAT budget of the organization. The object of the study is JSC "Plastic" - a large enterprise, a representative of the chemical industry.