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Vertex VAT Compliance

Leverage powerful VAT compliance technology to streamline and automate VAT/GST filing returns and reports to improve compliance and audit performance.

Vertex Cloud VAT Compliance

Automate global VAT compliance and reporting to increase efficiency and improve business agility.

Manually managing the value-added tax (VAT) compliance and reporting process is labor-intensive, error-prone, and costly. Additionally, keeping up with the latest local requirements and meeting reporting timelines for each jurisdiction is challenging, and the effort required to support new business expansion can hinder a company’s agility to respond to market opportunity. More than ever, Tax can impact a company's license to operate within its footprint.

Vertex offers a cloud-based, centralized multi-country VAT reporting solution, with automation and built-in workflow tools, and a VAT calendar that helps track deadlines and filing obligations across jurisdictions, supporting periodic compliance reporting, returns generation, and timely filing to the jurisdictions.

Our global VAT compliance management system automates and streamlines multi-country VAT compliance to reduce risk, keeping your business in line with the latest regulatory changes, improve process efficiency and data quality, and ensure timely submission to the jurisdictions. It also supports the growing digitization mandate around the world, including UK MTD (Making Tax Digital), SAF-T, Spain SII, and Hungary RTR.

What is UK MTD?

"Making Tax Digital is making fundamental changes to the way the tax system works in the UK to become more effective, more efficient and easier for taxpayers to get their tax right. As of 1 April 2022, all VAT-registered businesses must sign up for Making Tax Digital and are required to use MTD-compatible software to keep their records digitally and submit VAT returns."

How can Vertex help support UK MTD?

  • Vertex VAT Compliance is a cloud-based MTD-compatible software. It is recognised by HMRC as digital “record-keeping software” which enables businesses to meet the requirements of UK MTD, including:
    • Submitting VAT returns
    • Viewing submitted VAT returns
    • Checking what VAT you owe
    • Viewing VAT payment history

Explore the Features, Benefits & Highlights

VAT compliance technology that provides a robust foundation in multi-country VAT/GST operations.

Generate signature-ready multi-language VAT/GST returns and reports (including EU Intrastats, ESLs, AP/AR Ledgers and SAF-T) for 56 countries in Europe, Latin America, Asia, and Africa; VAT e-file formats for 23 countries; UK- MTD requirements (Making Tax Digital); and real-time reporting for Spain and Hungary. New and updated content added monthly. Easily scale to support new countries and help maintain global VAT compliance.

Built-in flexibility to improve data management, process efficiency, and control.

Import transactional data from multiple sources - ERPs, tax determination engine or other systems/supporting files - and map data directly to the relevant jurisdiction-specific returns. Segregate or aggregate reporting obligations by company, entity business unit and VAT Group. Our flexible system automates dataflow into the correct report/return based on your business structure and compliance strategy. Assign role-based access to functional areas of the compliance environment for improved control across the compliance team.

Save time and resources with streamlined data extraction from your source system.

Automatically retrieve transactional data directly from the source for precise periodic VAT reporting. Source-specific data extractors available to support SAP, Oracle, Microsoft and other systems to automate the tasks of data extraction and mapping to form fields. Easy to install extractors, with one-time setup, built for the systems used by your business, and integrated based on country reporting requirements.

Automate data validation and transformation to reduce audit risk.

Run transactional tax data validations on imported files to enhance data quality and accuracy prior to return prep. Run automated validation of VAT ID numbers (post-transaction) via the VIES website to ensure proof of validation. And for validation beyond VIES, Vertex Validator covers over 65+ countries. Run standard report-level quality checks to validate the output prior to filing. Generate reports for a detailed audit trail of all data changes made. Approved legal exchange rate sources including ECB and local national banks are built directly into the system, complete with comprehensive audit history for currency conversions.

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Improve audit performance by improving data transparency.

View full transparency and auditability of all VAT/GST data and adjustments through drilldown capability from the return to transaction-level data. Edit or add data prior to filing, with complete version control. Access audit event logs and detailed archives to support audit prep.

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Workflow management and reconciliation tools improve speed, efficiency, and control.

Workflow tools, dashboards, and reports allow users and management to visualise and track progress across the end-to-end compliance process — from filing preparation to approvals to submissions. Use automated reconciliation options to conveniently check for data discrepancies at any point in the workflow - compare VAT return data against data from ERPs, including General Ledger accounts, ESL reports, and Vertex e-Invoicing.

Approach VAT processes holistically with a fully integrated solution.

Leverage our fully integrated end-to-end solution for VAT determination, compliance, data integrity and audit prep. Improve efficiency and reduce audit risk across your VAT/GST operations, allowing your tax team to focus on revenue-generating activities. When used together with our Vertex e-Invoicing solution, Vertex VAT Compliance provides a single, integrated platform for managing multi-country VAT compliance for both real-time and periodic reporting requirements.

Introducing AI-powered Vertex Copilot!

Ask context-driven questions, get relevant answers without leaving your workflow.

 

HELPFUL RESOURCES

Discover more about Vertex VAT Compliance

Explore products that support our corporate VAT compliance services.

  • Vertex O Series

    Streamline indirect tax management with deep, proven tax content and software built to scale.

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  • Vertex Data Integrity

    A tax-specific solution for the data validation, analysis, and transformation steps that are required to properly support the indirect tax compliance process.

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  • Vertex Validator

    An API-based solution for automated validation of business tax IDs.

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  • Vertex Invoice IQ

    An API-based solution for tax-compliant invoicing to support global growth.

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Featured Resources for You

Video

Vertex e-Invoicing Demo Video

Learn how Vertex e-Invoicing automates invoicing, ensures compliance, and reconciles with VAT reporting.
Watch Time < 1 Min
Read More
Blog Post

3 VAT E-Compliance Challenges

Widening budget deficits seem likely to drive broader adoption of VAT e-compliance rules.
Read Time 2 Mins
Read More

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