Theoretical and Methodical Aspects of Value Added tax’ Accounting

Abstract

The purpose of this publication is to study the theoretical and practical aspects of value added tax’ accounting in Ukraine after the changes made to the Tax code. The author's attention focuses on the system of electronic administration of the tax. The principles of the tax credit’ formations are studied in the article. Methods of accounting of business transactions for tax credit and tax liability of the value added tax are proposed in the investigation. It is concluded that the implementation of the system of electronic administration of value added tax is a progressive step in the development of tax policy of the state