Unique single determination & reporting app built on EU VAT Directive articles and local tax laws
It’s a big claim to make: out-of-the-box, VAT Calc can help enterprises in most sectors or with any business model. So why do we believe it?
VAT and GST rules can be complex, and so it is difficult to understand and interpret the law through a tax engine’s content development cycle involving people that are and are not experienced with VAT. To simplify content creation, a use case model is often adopted to cover broader scenarios such as domestic sales, exports, imports, etc, with companies applying additional manual custom rules during implementation where the content is not granular enough.
How VAT Calc is unique: the only application built on tax legislation
VAT Calc’s ambition is to cover all VAT challenges, whether determination, digital reporting or traditional VAT reporting. To achieve this we want to truly understand the transaction and have therefore built the engine based on the national legislation, the EU VAT Directive framework and global OECD VAT guidance. That means all the articles of legislation, including locally implemented optional ‘may’ provisions for EU Member States, are built into our single VAT / GST tax engine and returns application. Where any custom rules are still required, perhaps due to case law differing to legislation, custom rules can still be applied by the user allowing for flexibility.
That all means VAT Calc is ready for any business case as a tax engine and filing solution – and you can adjust the rules without expensive implementations or heavy reliance on ERP teams.
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 |
