As tax authorities shift to live reporting, VAT & GST determination demands automation. Here’s how our VAT Calculator ends the pain and huge investment associated with a tax engine implementations
If you are saying ‘Yes‘ to these questions, then we have some great news for you:
- Concerned your EPR, AP/AR or invoicing systems are processing the wrong VAT?
- Put off tax engines because of fear of lengthy and costly implementations, and stuck with hours of manual checks each month before invoicing and/or reporting?
- Worried about months of creating manual use cases with customs rules that will need ERP team and outside consulting help for every more?
- Not sure how your calculation will then be matched to VAT or GST return – how will you transfer and reconcile data?
- Think you will have to purchase a separate VAT reporting application from a different speciality vendor, with another long implementation to support?
- Given up, and just holding out for budget and resources with a major ERP upgrade?
- Concerned about the new wave of e-invoicing requirements that will demand your VAT is right in real-tim?
Our VAT Calculator tax engine will put an end to these worries for three reasons:
- It’s built on tax law, not expensive to set-up and maintain custom codes to match your business;
- Our VATCalc in SAP Cockpit approach means no expensive implementation and ongoing support in SAP or other major ERPs
- AND it is on the same single platform as our returns product, VAT Filer. That means just 1 simple integration to 1 end-point API.
Contact us for a free demo to learn how VAT Calculator has made low-cost tax engines a reality.
VAT Calc helps all businesses because it's built on tax laws
| National tax laws, EU VAT Directive or global OECD guidance built-in | |
| All | Rates; standard, reduced, zero and exempt |
| Tax Point - Determination of when the VAT becomes chargeable | |
| Deductibility - Calculation of how much input VAT can be deducted on taxable purchases | |
| VAT groups | |
| B2B Goods | Full cross-border determination on movement of goods, including imports, exports and intra-community acquisitions and dispatches |
| Goods imported into, intended for or supplied whilst in customs procedures or VAT warehousing arrangements | |
| Reverse charges for non-established persons and for risky goods and services | |
| EU Triangulation | |
| Call-off and consignment | |
| Supply of goods with installation | |
| Movement of own goods | |
| Brexit complexity for transactions between NI and the EU and NI and GB | |
| B2C Goods | Low value goods thresholds |
| VAT registration thresholds | |
| EU OSS and IOSS returns | |
| EU and others’ marketplace deemed supplier treatment | |
| EU and non-EU distance selling rules | |
| Services | General rules for B2B and B2C |
| Supplies connected with immovable property | |
| Supplies by intermediaries | |
| Use and enjoyment | |
| All other exceptions to general rules | |
| Digital Services | EU OSS for digital services |
| Local country simplified VAT returns | |
| Financial Services | Partial exemption rules |
Contact us for a free demo to learn how VAT Calculator has made low-cost tax engines a reality.
