Definition: The Declaration of Excise is a formal statement or document that outlines the amount of excise duty to be paid on certain goods or services. It is typically required for goods that are subject to excise tax, such as alcohol, tobacco, and energy products. This declaration is a crucial component of information in the taxation process as it provides the necessary data for tax authorities to calculate and collect the appropriate amount of excise duty. It also serves as a record of the transaction for both the taxpayer and the tax authority, ensuring transparency and accountability. Source: EIRA team Additional information: The Declaration of Excise is a formal statement or document that is typically submitted by businesses to the relevant tax authorities, detailing the amount of excise duty that is payable on certain goods or services. Excise duty is a form of indirect tax that is levied on specific goods and services such as alcohol, tobacco, and energy products. The declaration is an essential component of information in the context of taxation and financial reporting. In the Declaration of Excise, businesses are required to provide detailed information about the type and quantity of goods or services, the applicable excise duty rates, and the total amount of excise duty payable. This information is crucial for tax authorities to ensure that businesses are complying with the relevant tax laws and regulations, and to calculate the correct amount of tax revenue. The Declaration of Excise is typically submitted electronically through a secure online platform, which allows for efficient and accurate processing of the information. The use of information technology in this context not only simplifies the process of submitting the declaration, but also enables tax authorities to easily access and analyze the data, and to detect any potential discrepancies or irregularities. In addition to the basic information about the goods or services and the excise duty payable, the Declaration of Excise may also include other relevant information such as the business's identification number, the period covered by the declaration, and any adjustments or corrections to previous declarations. This additional information helps to ensure the accuracy and completeness of the declaration, and to provide a comprehensive record of the business's excise duty obligations. In summary, the Declaration of Excise is a critical element of information in the context of taxation and financial reporting, providing detailed and accurate data on the excise duty payable by businesses on certain goods and services. The use of information technology facilitates the efficient and accurate submission and processing of this information, and supports the effective enforcement of tax laws and regulations. Example: 1. E-commerce Platforms: In the European IT context, the Declaration of Excise is crucial for e-commerce platforms that sell goods subject to excise duties. For instance, if an online store sells alcohol, tobacco, or energy products, they must declare these goods to the relevant tax authorities. The declaration includes information about the type and quantity of goods, their value, and the applicable excise duty. This information is used to calculate the total excise duty that the e-commerce platform must pay. 2. Supply Chain Management Systems: In the supply chain management systems of companies dealing with excisable goods, the Declaration of Excise is an essential component. It helps in tracking the movement of goods, ensuring compliance with tax regulations, and calculating the total excise duty payable. The declaration is integrated into the system, allowing for real-time updates and accurate reporting. 3. Accounting Software: Accounting software used by businesses in Europe often includes a feature for the Declaration of Excise. This feature allows businesses to easily calculate and declare their excise duties, ensuring compliance with tax laws. The declaration includes detailed information about the excisable goods, which is used for tax calculation and auditing purposes. 4. Customs Brokerage Services: Customs brokers in Europe use the Declaration of Excise in their work. When they assist businesses in importing or exporting goods subject to excise duties, they must declare these goods to the customs authorities. The declaration includes information about the goods, their value, and the applicable excise duty. This information is used to ensure compliance with customs regulations and calculate the total duty payable. 5. Tax Consultancy Services: Tax consultants in Europe often assist businesses in preparing their Declaration of Excise. They use their expertise to accurately calculate the excise duty and ensure that the declaration complies with all relevant tax laws. The declaration is a crucial component of the information that tax consultants provide to their clients. LOST view: OV-Information Base Identifier: http://data.europa.eu/dr8/egovera/DeclarationOfExciseBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:DeclarationOfExciseBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/DeclarationOfExciseBusinessObject dct:title: Declaration of excise Information