ACCAF3(7-8)学生.pptVIP

Chapter 7 sales tax Objectives: Understand the general principles of the operation of a sales tax. Calculate sales tax on transactions and record the consequent accounting entries. 1. The nature of sales tax and how it is collected （1）definition Sales tax is an indirect tax levied on the sale of goods and services. Sales tax (VAT: value added tax,增值税） is tax on exchanges. It is levied on the value added that results from each exchange. A VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax . 采用购进扣税法： 当期应交的增值税=当期销项税额- 当期进项税额 销项税额（output sales tax) =销售额 *销售税率 进项税额（input sales tax) =购进货物或接受劳务支付的税额 Output sales tax exceeds input sales tax ,the business pays the difference in tax. Output sales tax is less than input sales tax ,the tax authorities will return the difference to the biz. Notes: Gross (or tax inclusive )selling price: 含税价 Net (or tax exclusive ) selling price : 不含税价 Gross selling price = net selling price x (1+tax rate) net selling price = gross selling price / (1+ tax rate) 2 accounting for sales tax Sales tax does not affect the income statement. “sales tax payable” Sales : Purchase : Paid sales tax : Debit sales tax payable Credit cash at bank Conclusion : Sales tax does not affect the income statement . An outstanding payable for sales tax will appear as a current liability in the balance sheet. Occasionally ,a business will be owed money back by the authorities ,and in such a situation ,the sales tax refund owed by the authorities would be a current asset in the B/S . Irrecoverable (不能抵扣的进项税） 在英国，高档品，奢侈品不能抵扣 Pay for expense Where sales tax is not recoverable it must be regarded as part of the cost of the items.（如果购入时的进项税额不能抵扣，则将购入时支付的进项税额全部记入购入货物或接受劳务的成本） 1.5 Relief for irrecoverable debts 如果应收帐款逾期6个月（从供货日起算）没有收回，对于该部分应收帐款所缴纳的销售税可以得到减除，并从应缴税金中得以扣除。 如果客户随后支付了该笔应收帐款，则将补交该部分销售税金。 Chapter8 Inventory Objectives: Understand the main provisions of IAS 2 Deal with opening a