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AlphaVAT is a digital tax platform that effortlessly transforms the VAT process by reducing risk through enabling greater accuracy, efficiency and control.

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HOW DOES ALPHAVAT HELP?

 

 

 

 

 

 

GET MORE VALUE FROM YOUR VAT PROCESS

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.

BROOM
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
MAGNIFYING GLASS
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
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PARTIAL EXEMPTION

Partial Exemption 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 Partial Exemption calculation spreadsheets
  • Automation of visual checks using customisable searches and filters

AUTOMATE PARTIAL EXEMPTION

Partial Exemption (standard and special method) is a prime candidate for automation. Automating the process can give you greater control, reduce costs and mitigate risk, helping ensure you comply and don’t miss out on any recoverable input VAT.

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ALPHAVAT IN ACTION

See how AlphaVAT can streamline your VAT process in a free one-to-one review

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OUR VAT PLATFORM

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 with a purpose-built Partial Exemption module.