Why you should consider a tax engine for VAT

Create a more efficient, effective and agile tax organisation.

In today’s VUCA world tax is still a certainty.  But change and complexity in Tax landscape continues at pace. These days manual tax processes can be a significant cause of VAT error, and a strain on in-house tax and IT resources. It means the arguments in favour of a tax engine have never been more compelling:

• Remove the burden and costs of continuous in-house tax research
• Improve your  VAT determination accuracy and consistent tax coding  - fewer invoicing discussions and reduced audit risk
• Decrease the pressure and involvement of IT in relation to VAT
• Make data driven decisions thanks to real-time reporting
• Embed VAT controls centrally
• Reduce overall VAT management costs
• Scale easily for business growth.

Why it’s best not to ‘add-on’ to existing ERP or finance systems

A tax engine is designed with VAT front and centre. If you just ‘add-on’ to ERPs and other financial systems you miss out:

• You’ll still need to own resources for VAT research and content
• You’ll still need to lean on IT resources for implementation and maintenance
• You’ll need a seperate implementation and associated maintenance for each instance of ERP
• You won’t benefit from the ability to scale in the cloud.

Get in touch

We’d love to explore how Vertex can help you address your MTD tax digitsation obligations with confidence.