ANALYSIS OF FISCAL EFFICIENCY OF VALUE ADDED TAX

For Ukraine the VAT plays a significant budget forming role. However VAT potential in the modern tax system of Ukraine is realized not completely. The article analyzes the fiscal effectiveness of the value-added tax and explores its regulatory role. The specific weight of the tax in the budget of Ukraine of Ukraine. For the first time, the value added tax was introduced in France in 1954. The author systemizes the basic theoretical aspects of VAT efficiency. VAT is the main budget-forming tax that fully comes to the State Budget. The fiscal efficiency analysis of the VAT system in Ukraine has been made and on this basis was clarified the role of VAT system in the formation of the State financial resources. It evaluates revenue of the State budget of Ukraine in respect of value added tax. Based on fiscal statistics confirmed the importance of tax in tax revenues of the country. The indicators of fiscal significance of indirect taxes in the dynamics are assessed, the level of their influence on the formation of the state budget revenues is determined. It is proved that almost half of the state budget revenues are generated by VAT. The structure of VAT revenues to the state budget of Ukraine is presented. the factors that influenced the fulfillment of planned VAT revenues are identified. It is determined that the highest level of fiscal significance among indirect taxes in VAT, followed by excise tax. The analysis of the ratio of VAT receipts from the domestic goods sale (works, services) and goods imported into the territory of Ukraine, which resulted in significant predominance of VAT from import operations. The article analyzes the value-added tax as the main source of budget revenues Ukraine, considered its fiscal efficiency. Thesis there is determined the key factors that influence the effectiveness of fiscal tax. Suggested directions for increasing fiscal efficiency and the regulatory role of VAT in Ukraine.