Penalty for late payment of tax: useful information

The Tax Code of the Russian Federation establishes the general time limits for the payment of taxes, but it is up to each taxpayer to determine for himself when to pay the fee. However, if the payment is not made before the deadline, penalties for late payment of the tax are charged. This is quite natural, because the famous phrase says: "Pay taxes and you can sleep peacefully!" In addition to charging penalties, more severe measures may be present for late payment of taxes, for example, for organizations this may be a freeze of accounts, for individuals - impartial communication with Bailiffs who came to describe your property.

Therefore, if the delay arises from circumstances that do not depend on you, and you sincerely regret it, it is better to act "hot on the heels", that is, independently calculate the amount of fines and pay, naturally, without forgetting the amount of the tax itself. Payment of tax penalties can be made both with payment of principal amount, and after.

In accordance with the law, the penalty is calculated on a daily basis, starting from the day following the expiry of the deadline. How to calculate the right amount of penalties for transport tax, for example? In general, the basic calculation formula for all taxes is one. We give a detailed action plan.

1. It is necessary to determine the amount of the amount that was not paid to the budget. If you did not make advance payments, the amount will be the one indicated in the notification. In the case of an incomplete payment of the contribution amount, it is necessary to deduct from the principal amount what has already been paid, and for the remaining amount to consider the late payment of tax.
2. Next, it is necessary to establish exactly the day from which the penalty was charged. In any case, this will be the day that was the last one to pay. The only nuance in this case is a possible transfer in connection with the fallout of the deadline for weekends or holidays. In this case, the payment term is transferred to the nearest business day.
3. Do not consider the day on which you are already certain to pay a tax with a fine - as a rule, it does not count.
4. It is necessary to determine the refinancing rate for the entire period of delay.
5. Finally, the formula itself:

П = Н * Д * СР / 100% * 1/300, where:

P - a penalty fee for late payment of tax;

H - the amount of non-payment or arrears;

D - the number of days that are considered as overdue;

SR - the refinancing rate for the period of non-payment (in%).

By the way, in the case of a court ruling that the taxpayer could not pay the amount of tax in the reporting period for some reason, there will be no penalties. Such cases include: the arrest of accounts or the suspension of transactions on these accounts, the imposition of seizure on a part or all of the available property of the taxpayer. In these situations, fines and penalties will not be accrued during the entire period of the listed circumstances. But the written application for deferral or payment by installments submitted to the tax inspectorate does not stop the charging of penalties .

Do not forget to pay taxes on time and in full, then the problem of calculating penalties or fines, as well as unpleasant communication with the system of bailiffs will not affect you!