“Real-time assessment of VAT declarations will allow the client to find out about declaration inconsistencies before VMI initiates control actions, correct them much faster and independently, and thus reduce possible consequences due to late interest. In other words, mistakes can cost customers less”, says Eglė Ramanauskienė, deputy head of VMI, adding that in 2023 during monitoring, clients corrected their declarations by 136 million due to the identified i.SAF discrepancies alone. amount of euros and additionally declared 34 million euro taxes.
Clients will be informed about identified discrepancies in just 2 days via the Electronic Declaration System (EDS) and will have to correct them by the end of the deadline for submitting the VAT declaration and/or VAT invoice registers, and no later than 10 days after the deadline
It should be noted that the VAT declaration and payment process does not change – it must be done by the 25th of the month. Refundable and payable VAT will, as usual, be visible in My VMI as soon as the return is submitted, although it is still being assessed.
If the declaration is submitted on the last day of the deadline and discrepancies are found after the 2nd day, it is considered that the declaration was submitted on time.
The representative of VMI also adds that in order to ensure the smoothest possible process for customers, the trial version only includes an assessment of one risk indicator.
It also has a mismatch tolerance limit, that is, only the most significant matches will be recorded at the beginning. This limit will be reduced in the future.
2024-09-11 15:08:15