There is not much time left to prepare your company for the new VAT reporting requirements in the form of JPK_V7M (for monthly VAT settlement ) and JPK_V7K (for quarterly VAT settlements). The new JPK file structures are to apply starting from the settlement for October or Q4 2020. There are no signals that this date is to be postponed once again. This means that the first JPK VAT files in the new structure will be submitted by 25 November 2020, but starting from 1 October the system should assign appropriate identifiers of specific transactions to enable the generation and submission of a correct JPK VAT file on time.
The new JPK VAT file means not only a new form of VAT return, but also a significantly expanded registration part, which includes a number of new identifiers for specific types of goods, services, transactions and document types. This requires significant changes to the financial and accounting systems and internal procedures to ensure the generation of the JPK structure, either directly from the company’s system or with the use of an external tool.
The complexity of changes and the expectations of our clients resulted in MDDP’s establishment of a team of experts specializing in issues related to the new JPK_VAT structure, including both tax advisors and IT specialists. The team provides comprehensive support to clients in implementing and verifying the new JPK VAT file. We have also prepared and provided IT tools allowing both a new JPK VAT file to be prepared and files prepared in another system to be verified.
