As the range of demands and data from VAT and GST returns and other submissions such as Intrastat and SAF-T expand globally, it is vital that transactional integrity to original treatment is secured. To fail in this objective is to risk misstatement of tax liabilities, which could bring audits and fines.
VAT Filer overcomes this challenge, basing all returns upon transactional data stored on a single data warehouse platform. You can import data via API or upload from any platform: ERP; ecommerce; or point-of-sale. This enables robust tax treatment and checking through to the final filing, plus the ability to adjust data at the transaction level with a clear, digital audit trail. This also means casting aside clumsy and error-prone consolidating spreadsheets at the country level.
And if you have real-time electronic invoicing obligations, then these are perfectly reconciled to your returns. VAT Filer is built on the same application as our VAT e-invoicing product, which audits, submits or receives the same transactions.
Through our Data Insight Tools – in-app business intelligence products – it can monitor KPIs, identify risk and deliver data insight from Filer 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.