Analysis of selected aspects of insolvency in the context of vat output tax correction

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10235982" target="_blank" >RIV/61989100:27510/17:10235982 - isvavai.cz</a>

Result on the web

<a href="http://ufu.utb.cz/konference/proceedings2017.pdf" target="_blank" >http://ufu.utb.cz/konference/proceedings2017.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Analysis of selected aspects of insolvency in the context of vat output tax correction

Original language description

The volume of receivables of business entities recorded an increase, especially in times of economic crisis. The government of the Czech Republic, similar to legislators in other selected European Union Member States, used the opportunity of the Concil Directive on the common system of value added tax and implemented a provision into their legislation that allows creditors to get at least the value added tax, which they had to pay during the supply of goods or services for receivables from debtors in insolvency proceedings, respectively in the bankruptcy. The aim of this paper is to analyze the interdependencies between selected indicators of insolvency and corrections of the amount of value added tax in case of receivables from debtors in insolvency proceedings using methods of correlation analysis. The result of the analysis indicates downward trend of number of submitted insolvency proceedings, both for companies and for natural persons. The analysis confirmed the existence of a high degree of dependence between the number of submitted insolvency proceedings and the number of bankruptcies among companies. The high degree of dependence exists in conditions of the Czech Republic also among the number of bankruptcies among companies and the number of bankruptcies among self-employed persons. In relation to VAT there were found mostly negative dependencies on different degrees, the highest number is in the case of VAT returns with non-zero row enabling the correction of the VAT and the number of insolvency proceedings.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Finance and performance of firms in science, education and practice : proceedings of the 8th international scientific conference : April 26-27, 2017, Zlín, Czech Republic

ISBN

978-80-7454-653-2

ISSN

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e-ISSN

neuvedeno

Number of pages

13

Pages from-to

445-457

Publisher name

Tomas Bata University in Zlín

Place of publication

Zlín

Event location

Zlín

Event date

Apr 26, 2017

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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