VATCalc’s unique legislative codifying approach simplifies your VAT compliance in a cost-saving, single platform source of truth. It also insulates businesses for the diversity of global e-invoicing & real-time reporting mandates.
Simplified digital journey from VAT invoice calculation to e-reporting to returns
World’s only single tax engine & reporting platform
The unique benefits of VATCalc for finance and tax teams
One platform, ending multi-vendor and tech complexity & expense
VATCalc replaces multiple tax engine, invoice data cleansing, workflow management and returns prep tools with a single cloud instance – combining calculation, audit, and filing in a single platform.
This eliminates vendor sprawl and overheads, IT complexity and manual reconciliation headaches – giving your team full control to focus on value support for the business.
Enrich and control data in single source of truth
Poor data quality is the #1 risk in VAT compliance. VATCalc includes mapping and onboarding tools to:
- Standardise and cleanse VAT data from multiple ERPs or other sources without expense of ETL-type applications and processes
- Feed audit insights back into upstream processes to eliminate errors at source
- Quickly onboard new entities or jurisdictions
This ensures your VAT team is fully self-sufficient, with no costly external support required to ingest, enrich and manage data and reporting entities
Unique, legislative-driven VAT compliance
At VATCalc’s core is a full tax engine, embedding national VAT and GST laws. This means your team can confidently manage the complexity of any business model – goods or services – and cross-border transactions, knowing VAT risk is minimised and fully supportable down to legal article citation level.
Be ready for e-Invoicing & real-time reporting
The future of VAT is digital real-time reporting to governments at the transaction level. VATCalc uniquely enables businesses to stay ahead of global e-invoicing and live reporting mandates:
- Audit transactions to legislative level before sending or receiving e-invoices
- Ensure VAT returns, SAF-T, and e-reports are always identical
- Eliminate hours of manual reconciliation across multiple systems
As tax authorities increase ViDA-style reporting and Continuous Transaction Controls, VATCalc shields your business from risk and last-minute compliance chaos.
Calculator – real-time tax engine
VAT Calculator tax engine provides instant VAT sales invoice calculations for complex or multi-country transactions based on national legislation. This compares to legacy engines which require time-consuming set-up and costly updating of use cases to make approximations of the rules.
And because Calculator is built in the same platform as VAT Filer, you can seamlessly prepare VAT returns and e-reports without separate integrations or manual reconciliations.
Auditor – full legislative audit of transactions prior to returns
VATCalc’s Auditor is the only audit solution built on fully codified VAT law, and ideal for businesses without full tax engines for sales or heavy manual Accounts Payable processes for purchases.
Auditor provides:
- 100% transaction checks against local legislative rules, with proposed adjustments with article references
- Clear identification of errors, misclassifications and misstated VAT amounts on sales and purchase invoices
- Adjustments to transactions which can be implemented in the returns; and shared with clients to improve their ERP data and upstream processes
Filer – returns and every submission associated with a VAT registration with task management and calendar tooling
VAT Filer covers all VAT reporting obligation, including:
- VAT Returns;
- EC Sales Lists (ESL);
- Intrastat;
- SAF-T and other structured file submissions;
- Control Statements; and
- Ledger reporting.
Data Insight Tools
Through our Data Insight Tools – in-app business intelligence product – VATCalc can monitor KPIs, identify risk and deliver data insight from your returns transaction data.
In addition, external tools, such as Power BI and Tableau, can be simply integrated with VATCalc should you wish to deploy your preferred solution.
How to submit returns – three options
- Where countries permit direct e-filing out of our platform, this is available
- Customers or their 3rd-party agents can download XML-format returns
- VATCalc offers its ‘hybrid‘ submissions via its carefully selected last-mile filing partners. This includes VAT registration services