What's new in the procedure of issuing tax invoices?

From 1 January 2011 tax invoices with VAT more than 1 million hryvnia will be issued only after their registration in a single registry. Issuance of tax bills, in which the sum of value added tax is more than 1 million UAH from January 1, 2011 is carried out after their registration in the Unified Register of tax bills, the press service of the State Tax Service of Ukraine (GNSU) on Wednesday. In general, the procedure of registration of tax bills being introduced in stages, depending on the amount of VAT. "From January 1, 2011, in accordance with p.201.10 st.201 Section V of the Tax Code of Ukraine in the implementation of the supply of goods / services to the taxpayer - the seller of goods / services required to provide a tax invoice upon registration in the Unified Register of tax bills," - said in a statement. On April 1, 2011 registration in the registry are subject to the Uniform tax invoices in which the VAT amount is more than 500 thousand UAH from 1 July 2011 - more than 100 thousand UAH from January 1, 2012 - more than 10 ths. As reported, the Tax Code, which entered into force on 1 January 2011, provides for the reduction in the VAT rate from 20% to 17% in 2014.