VAT@GTC is the intelligent software solution for your VAT Compliance process
Many EU countries are making their VAT compliance requirements more rigorous, with digital/electronic advance VAT returns now mandatory for organizations in most member states. Affected companies are therefore intensifying their focus on how to automate, validate and digtalize the VAT processes.
The VAT@GTC solves exactly these issues in only one software
Intuituve design, consolidation of intercompany VAT groups, numerous validations and reconciliation at summary and document level, not to mention a practical automatic follow-up reminder function. For all your ES subsidiaries - at home and abroad.
The three VAT@GTC modules:
The modules of the VAT software provide an efficient tool for generation, submitting and analyzing your group-wide VAT data.
All in one VAT Compliance
Import from various source systems without media discontinuity
Automated generation of all VAT relevant returns
Consolidation and handling of complex VAT organ structures
Automated generation of cumulative annual declaration for VAT groups
- Adjustable reconciliations, plausibility-checks and validations of return data at totals and document level
Complete documentation of all manual changes
Practical resubmission function for internal process control
Extensive data evaluations and analysis in numerous reports
Quality control through review function with 4-eyes principle
Clear monitoring of all companies domestically and abroad
Electronic transmission to tax offices in Germany and the EU
VAT@GTC Core - standardized, automated, digitalized
VAT@GTC gives you control over the handling of your company´s VAT right from the outset, whether in your main country or anywhere else in the EU or Switzerland. Recurring processes in all VAT-related matters are standardized and automated; efficiency and quality are significantly enhanced, while risks are reduced to a minimum.
Data is automatically loaded from your ERP system - in particular SAP - straight into the VAT@GTC (the same process for all relevant countries) without drawbacks of media discontinuity. Posting data can even be processed at document level, if you wish. Automatic validations, including a sales tax validation, give you peace of mind and ensure the quality of your records.
Automatic aggregation of VAT returns
Advance returns and summary statements are generated in the VAT@GTC itself. Simple and straightforward status dialogues coupled with our new design give you absolute clarity over the VAT groups and stand-alone companies within the corporate group. The follow-up reminder feature also allows you to track any corrections in detail. The Transfer Client ensures smooth and easy submission of your VAT return and, if you wish, your electronic balance sheet or corporation and trading tax returns to the tax authority as well.
Automatic yearly VAT return generation
Save considerable time on your annual VAT return. Based on all the intrayear data and modifications it has collected, the V[AT@GTC is able to generate a complete yearly tax return fully automatically. Thanks to a completeness check and numerous analysis reports, the system carries out a final review by comparing the values in the annual return with those in the intrayear advance returns and the accounts.
A digital, standardized process for the corporate group
As a web platform, the VAT@GTC offers you the option of moving tasks to a shared service center (SCC). Use its extensive authorization settings to assign or limit access to certain views and functions.
ID Check - integrated
Take advantage of additional functions like the VAT ID Check. Carry out simple or detailed checks of the VAT ID numbers and addresses stored in your customer master data, with either the central tax authority of your country or the European VIES. All search requests are recorded and presented clearly - providing a convenient reference for quick fixes and legal documentation requirements.
VAT@GTC EU International module - a standardized process across the corporate group
Use VAT@GTC for VAT matters in your main country and in all other EU member states. Establish an automated, standard process that can be applied group-wide. With our VAT Software it´s even possible to execute and control processes in other EU member states. Forms can be modified even when the system is in use. Our VAT software supports country-specific forms and processes, and enables you to submit VAT data electronically in any EU country. You have the same workflow control, reporting and range of controlling functions at your disposal as for your main country.
Due to the British government´s Making Tax Digital (MTD) Initiative, as of 1 April 2019 UK VAT returns must be submitted to HMRC in digital form. AMANA is among the commercial software providers listed on the HMRC webpage whose VAT software already fulfills the requirements for Digital Link, which comes into force on 1 April 2020.
VAT-Audit – validation at document level
You can use the VAT Audit module for tax determination, to enhance posting accuracy in the ERP system, and to streamline processes. It allows you to analyze large quantities of data and documents from SAP, to correct VAT-releated entries and to track any corrections. The advantages are clear:
- Quick and effective demarcation of entries to be verified
- Easy identification of implausible entries through standardized and customized validation rules for bulk data
- Time savings thanks to a reduction in cross-period corrections and corrections to advance returns
- Transparency thanks to live SAP connection
- Enhanced data quality in SAP and advance VAT returns
The same process is applied in VAT Audit as in the Core module. Relevant data are accessed straight from the SAP database tables via AMANA DataGate, an SAP ABAP. These are then stored in VAT Audit for analysis purposes. It´s up to you which data is provided for analysis purposes: Scope and data type can be configured according to your own preferences.
Run the system´s standard validation routines and any additional customized checks over your defined data quantity. The results are presented to you in a single graphic, to be forwarded to other staff as needed. Automatic emails serve as a follow-up reminder.
All evaluations and analyses can be carried out at several levels and periods. All data requests are stamped with a time and user name, so all corrections are tracked and documented. A closed workflow provides the assurance that nothing can be forgotten. The result is visual clarity and enhanced data transparency, which in turn means fewer corrections and, ultimately, excellent quality. - Validate your records before the auditors arrive!
"We implementated the VAT@GTC software with AMANA consulting GmbH in order to automate the preparation of VAT returns and to map the processes in an audit-proof manner. The implementation was quick and uncomplicated, also thanks to the very good AMANA team. Especially with the short-term VAT reduction in 2020 to 16%, the advantage of the easily accessible and very helpful AMANA support has paid off. With this software, we are certainly well equipped for our upcoming tax compliance management system."
"By introducing VAT@GTC, our reporting process has become much more efficient. Even complex tax groups can be easily handled and consolidated with the AMANA software. Since using the software, we have saved a significant amount of time."
Envia Mitteldeutsche Energie AG
"We have already been using VAT@GTC for several years. Since we have had very good experiences with the software and the AMANA team, we have helped to design and further develop the new VAT audit module for voucher level audits as an implementation partner. As a result, audits at voucher level have also been possible since this year.“
Covivio Immobilen GmbH
"The implementation of the software was straightforward and simple. The introduction of VAT@GTC has significantly increased the efficiency of our reporting process. Even complex tax groups can be easily handled and consolidated with the AMANA software. Since using the software, we have saved a significant amount of time."
"I am very convinced of VAT@GTC. I have already introduced the software in two companies. We are about to go live in Germany and Austria."
Duisburger Versorgungs- und Verkehrsgesellschaft mbH
"The implementation of the software was straightforward and simple. Even though VAT is very complex, it can be clearly presented and handled with VAT@GTC. Our processes have become much more efficient thanks to VAT@GTC."
VIEGA HOLDING GMBH & CO. KG
"The introduction of VAT Audit has worked very well. During the project, there was always an open exchange between Viega and the AMANA project team. Suggestions and individual requirements for the VAT audit were received positively by AMANA, so that important adjustments could be made to the system in cooperation for us."