VAT electronic cash registers

Live retail reporting of VAT transactions to cut fraud

In an effort to close the VAT Gap of missing tax revenues many European countries have introduced VAT e-registers in traditional retail and online e-commerce. These provide real-time or batch automated reports to the tax authorities of sales from certified retail point-of-sale machines.

To encourage full inclusion of retail transactions, many countries provide VAT receipt lotteries where shoppers can potentially win prizes based on the unique invoice numbers on their register-issued receipts.

Such cash registers aim to add to the tax authorities’ transactional-level data capture, part of the drive towards the Death of the VAT return. VAT Calc’s tax engine, VAT Calculator, is built on all the local laws, so can provide real-time VAT calculations for point-of-sale and similar reporting requirements.

European VAT electronic cash registers