World’s first single VAT/GST determination and reporting platform for all businesses
As cross-border trade grows, and tax authorities take a closer look for more VAT or GST revenues, it’s vital to get your indirect tax determination accurate at the first attempt and ensure the liabilities then flow into the correct VAT boxes in the right returns. Your own ‘native’ accounting or ERP system may not be able to cope with this increasing complexity – so it’s time to consider VAT determination and VAT return automation. But you no longer have to think of them as separate acquisitions or integrations…
World’s only single VAT calculation AND filing platform – fast adoption backed by local tax legislative citations.
Here’s how our single-platform Calculator tax engine and VAT and GST filings solution saves your business cash, and avoids delays on business and hazardous tax audits by solving all VAT automation needs. And since it’s based on local laws, EU VAT Directives and OECD guidelines, it’s ready to go for any business sector:
- B2C;
- B2B;
- goods;
- services; and
- digital services.
How VAT Calc saves your business money and time
| The world's only single application for VAT calculation AND filing for all businesses | |
| 1. An end to costly and protracted implementations - ready to go for any business | Traditional VAT engines require a lot of manual custom rules to be created for you by tax consultants to cover the detail in the determination for your specific business model. This means months and years of frustrating and costly implementation. VAT Calc is built on the country tax laws, EU VAT Directives and global OCED guidance and so it requires only the data from the transaction to make a full and accurate calculation. This means huge time savings, reduced risk of human error and the end to expensive support and dependancy on designing and maintaining custom rules. We already have all the complexity of any use case ready-to-go out of the box: triangulation; 2021 EU ecommerce reforms; gig & sharing economy taxes; customs and warehouse exemptions and the rest of your wish list. |
| 2. Cut in-house tax research or expensive external advice | Our Calculator tool is built on all of the global tax laws - which you can modify without outside support - so every business transaction – B2B, B2C, goods or services - is already covered. You can simply modify them without IT support to your business model. |
| 3. Save on the VAT or GST returns process with world's only single calculation and returns platform | Since our VAT Calculator determination service is on the same application platform as our VAT Filer service there is no requirement for yet another system purchase, implementation and outside support. In VAT Calc invoices calculated by the Calculator can automatically post to the relevant boxes on all applicable returns in our Filer service. |
| 4. Transparent business and audit tax defence | Full details on calculations via our unique local country and EU Directive legal citation - detailing transaction type, country of taxation, exemption and any VAT registration obligations - for every transaction. Whether debating with your customers, suppliers or the tax authorities on the right invoice or return outcome, you won’t be paying too much tax anymore. |
| 5. Save staff time on Accounts Payable invoice checks | With VAT being applied by the AR or AP clerk, the in-house VAT time must spend huge amounts of their time checking the invoice’s accuracy retrospectively to avoid mis-declaration. VAT Calc returns the correct VAT treatment in real-time as the invoice is booked, freeing up the VAT team during busy filing cycles and for more strategy projects. |
| 6. Consolidate and reduce cost for multiple accounting and tax teams and business divisions | Attempting to keep track and manage VAT or GST internationally is hugely expensive and leaves the business vulnerable to errors, audits and fines. VAT Calculator enables you to centrally set the tax rules, policies and freedoms for otherwise disparate and siloed businesses within your group, and helps support remote staff with live tax automation |
| 7. Instantly spot and correct errors | Backed by VAT Calculator’s extensive automatic VAT checks, which highlight missing details which may mean an incorrect tax calculation. You can live edit these, based on VAT Calculator’s proposals from the source legislation, and ensure business processes aren’t interrupted and time lost. |
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 |
