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Корректировка в сумме 1 миллион долларов по предприятию

English translation: pls see below

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21:33 Jan 10, 2012

Russian to English translations [PRO]
Bus/Financial - Accounting

Russian term or phrase: Корректировка в сумме 1 миллион долларов по предприятию

Помогите, пожалуйста, перевести «Корректировка в сумме 1 миллион долларов по предприятию». Контекст «Корректировка в сумме 1 миллион долларов по предприятию отражает сумму НДС возмещения за 2-й квартал 2010». Спасибо!

Vera8

English translation:pls see below

Explanation:
The USD 1 million differential (or: difference) for the (whole) enterprise is due to (or: results from) the Q210 VAT refund.

I hear English-speaking tax lawyers using the term “differential” a lot (rather than “adjustment” or “correction”) when talking about VAT refund procedures. On second thought, though, “correction” should also be fine, unless the text is about the difference between VAT (paid) on inputs and VAT (charged on) outputs. Question to the Asker: is the text about an exporting company which is entitled to VAT refund on exports or about a company trading within a VAT jurisdiction? This may affect the way “корректировка” should be translated.