Peculiarities of accounting and taxation commission and consignment trade

Relevance of the research topic. The economic development of any country largely depends on the effectiveness of trade mediation, which today is becoming more and more widespread among business entities due to the promptness and flexibility in working with clients, which leads to a significant increase in sales volumes and, accordingly, is beneficial for all parties such legal relations. Among the variety of types of brokerage, commission and consignment are among the most used types of trade brokerage, as they have a number of advantages that lead to interest in this category of transactions. At the same time, there are shortcomings in the accounting of such transactions that negatively affect the quality and efficiency of accounting and control processes, which determines the relevance and practical significance of this article. The purpose of the study is: analysis of the regulatory and legal regulation of commission and consignment trade accounting and the formulation of proposals for its improvement. Research methods. The substantiation of the theoretical bases of accounting for commission trade operations was carried out using cognitive methods in the following directions: clarification of the conceptual apparatus, determination of the place of such operations in the system of economic relations of a trading enterprise – theoretical generalization, grouping, analogies, abstraction, statistical observation, analysis, synthesis, generalization. Research results. The article reveals the essence of commission and consignment trade transactions as an object of accounting and taxation. Approaches to the interpretation of the essence of the main and related categories were studied, which made it possible to identify the concepts of «commission operations» and «consignment operations» in scientific sources. To clarify the conceptual and categorical apparatus, the concepts defined above are delimited. The taxation of the sale of goods under commission contracts was considered. Field of application of results. In the field of economic sciences and in the practical activity of trade enterprises. Conclusions according to the article. The conducted study of approaches to the interpretation of the essence of the main and related categories made it possible to establish a fairly frequent identification of the concepts «commission» and «consignment» in scientific sources. In order to clarify the conceptual and categorical apparatus, the concepts defined above are delimited and it is proposed to consider consignment operations as a type of commission operations in the implementation of foreign economic activity. Also considered are the peculiarities of charging value added tax when carrying out commission operations