Global VAT Compliance & Filing
Automated, end-to-end guaranteed global VAT compliance.
Fully automated end-to-end, one-stop-shop value added tax solution
Wherever your business may be registered or is due to register you will be required to file a periodic VAT return comprising all taxable transactions in that period. VAT compliance is complex and time-consuming, and more jurisdictions mean more complexity. Businesses operating in multiple jurisdictions must ensure reports are filed accurately and on time, in accordance with the information required by each tax office. Submitting VAT returns with conventional software is time-consuming and resource-intensive. This is especially true if you are filing tooling vat in multiple countries. This is why people trust vat experts who understand the complexities of vat regulation to get you the best vat refund available.
We have developed a bespoke cloud-based platform based on over 20 years’ experience of assisting international companies meet their VAT compliance needs, across a range of industries and in multiple global jurisdictions. Our fully automated end-to-end, one-stop-shop solution makes international VAT compliance simpler and more efficient, while eliminating the risk of human error. Our services will help to guarantee compliance and meet your VAT obligations.
Our technology doesn’t just make filing easier, it’s guaranteed!
Data Extraction
Select your preferred method of extracting the transactional data. direct API or manual upload. API integration allows a direct link that will effectively push the data from your ERP directly into our platform. We service multiple countries and provide expert consulting to ensure everything meets legal standards to ensure the best possible VAT return for you.
Compliance Error Checking
Our software will perform automated compliance checks on the data and display any errors. Effective data analysis and transaction validation flags possible errors and gives you the option of fixing these immediately online, with a full digital audit trail. All errors are resolved by a dedicated, experienced account manager.
Our value added tax compliance checks include, but are not limited to:
- Reconciling transaction types (tax codes) to VAT treatment.
- VAT rate and legislation checking.
- Identification of duplicate or out-of-scope transactions.
- FX rate confirmation.
- VAT registration
- VAT audit
- Listing unknown or incorrectly classified transactions.
- Flagging high-value invoices.
- Periodic variance analysis.
- VAT number validation using a VIES API.
- Invoice & supporting documentation review.
Accurate and on time filing
Once all errors (if any) have been resolved and your Account Manager has completed additional manual sense checks, the draft VAT return is prepared at the click of a button and sent to you for approval. VAT returns can be submitted electronically through our platform wherever permitted by law, otherwise the final return will be displayed and can be downloaded and filed manually.
Detailed tracking
Meeting your VAT filing deadlines on time is one of the most basic compliance requirements. However, with multiple taxation deadlines across numerous jurisdictions, keeping track of your filing schedule can become enormously complex.
With our software all your filing deadlines are visible in one place. The software streamlines workflow by automatically categorizing deadlines and makes it easier to communicate and coordinate with your team.
Full Visibility
Full visibility and control over your global VAT compliance. The platform provides auto generated dashboards via cloud-based analytics delivering intelligent dashboards and accurate payment predictions to ensure no payment is ever missed. Choose the best VAT group with VAT IT today!
Our compliance services includes …
- Automated VAT Reports
- A dedicated account manager
- Backdated filing to ensure historic compliance
- Automated error checks
- Fiscal representation
- Automated File My Deadline reminders
- Ongoing compliance support
- Simple 3rd party integrations
- Liaising with the tax offices and tax agents
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