ONE ACCOUNT FOR ALL OCCASIONS: THE VERKHOVNA RADA GAVE THE GREEN LIGHT TO THE PAYMENT OF ALMOST ALL MANDATORY PAYMENTS TO ONE ACCOUNT

Perhaps soon accountants will stop frantically searching for the correct details before each end of the billing period, rummaging through the vastness of the network. The thing is that on April 16, the President signed the Law "On Amending Certain Legislative Acts of Ukraine regarding the Implementation of a Single Account for Paying Taxes and Fees, a Single Contribution to Compulsory State Social Insurance," which was adopted earlier and finalized with the amendments of the deputies.
The main purpose of the draft law is the effective functioning of a single account and the prohibition of foreclosure and seizure of funds in such a single account (the corresponding amendments were made to the Code of Criminal Procedure).
However, it should be understood that such a single account will not be for all tax obligations. For example, it will not apply to VAT and excise tax on the sale of alcohol, as well as to customs payments.
For the reasons of the legislator, and in this case we are in solidarity with it, the advantages of introducing a system of paying taxes and fees through the Taxpayer’s electronic office to a single account, which will be open to the payer by his consent (desire) at the central level of the State Treasury Service:

simplification of tax payers;
reduction in the number of erroneously and/or excessively paid monetary obligations by the payer;
increasing the level of openness, transparency and trust of taxpayers in government bodies.

It is worth noting that the law entered into force on April 18 and we will closely monitor its practical implementation.