WE CAN HELP YOU PREPARE FOR THE HMRC 2021 DEADLINE

LEAN ON US TO GET READY FOR MAKING TAX DIGITAL

LEARN MORE ABOUT MTD

What’s the latest from HMRC, what can we expect under MTD in the future and how will tax technology evolve to provide a single data source for all regimes? Discover the findings from our recent webinar with BDO.

VAT RISK ASSESSMENT

Use our rapid assessment tool to determine your VAT risk stance and what you need to do to get MTD compliant. It takes under a minute!

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WHAT ARE THE CHALLENGES OF DIGITAL LINKING?

Putting digital links in place can create challenges. How will you create an end-to-end digital audit trail? Eliminate cut and paste practices? Perform adjustments and amendments?

 

OUR MTD FOR VAT SOLUTION

Our compliance platform, AlphaVAT, offers you more than just compliance. Error and anomaly detection streamline the review process while data analytics deliver real-time insight and assistance.

In the event of any queries from HMRC, you can even prove your compliance courtesy of a digital audit trail. It also lends itself to complex calculations, such as Partial Exemption (PESM) with a purpose-built PESM module.

SEE TECHNOLOGY IN ACTION

See how AlphaVAT simplifies the compliance process.

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DIGITAL LINKS: A GUIDE TO MTD IN 2021

Discover how to get the most out of digital links mandate in our whitepaper.

MTD - MAKING TAX DELIVER

What is/isn’t allowed under digital links? Should you do nothing, defer or go digital? What are teams looking to get out of MTD?

GET MORE FROM YOUR MTD SOFTWARE

Derive more value from your VAT process to create a more accurate and efficient process by cleansing source data to improve confidence, analysing data for more informed reporting, and bringing complex calculations into the fold.

BRUSH
ANOMALY DETECTION
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ANOMALY DETECTION

Automating anomaly detection and error correction substantially reduces time burdens and improves overall accuracy. Anomaly flagging prior to calculation and submission:

- Identification of duplicates across multiple data sources

- Transactions that fall outside of reporting periods

- Unexpected VAT rates in transaction data

- Transactions between entities in VAT groups that should be excluded

 

GRAPH
TAX DATA ANALYTICS
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TAX DATA ANALYTICS

Trend analysis makes the review process more efficient, provides greater confidence in accuracy, and reduces the time spent checking figures.

- Checks for unusual deviations/errors. Current and historic submission comparisons and period-on-period payments

- Data summaries of potential inaccuracy.

- Insights to support forecasting, such as forward liability projections.

- Validation of data quality and error rates.

CALCULATOR
PARTIAL EXEMPTION SPECIAL METHOD
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PARTIAL EXEMPTION SPECIAL METHOD

PESM is a natural contender for automation. Mechanisms can be applied to identify, allocate, monitor and adjust the calculations involved giving more control and visibility, reducing workloads and improving overall accuracy

- Automated allocation and filtering of transactions

- Evidence of execution with a fully auditable, digitally linked trail

- Reduce reliance on PESM calculation spreadsheets

- Automation of visual checks using customisable searches and filters

BEYOND VAT
Find out how you can also automate your corporation tax process or streamline reporting for ESEF, CBCR, FATCA and CRS.