M2M and eVAT readiness support
Make the VAT filing process of your business more controllable and faster
eVAT is not simply a new tax return solution, but a data-based return model in which the VAT return process becomes faster and simpler due to the quality of VAT analytics, the tax codes applied and the proper application of corporate systems.
Within the framework of our eVAT Ready service, our tax and IT experts jointly assess your company’s preparedness, explore potential risks, and then support the development of eVAT web or M2M-based operation.
Our goal is not only to implement the technology, but to develop a controllable, sustainable and efficient VAT process that reduces manual tasks and the risk of errors in the long run.
Do not simply use the eVAT system, use the transition to improve your VAT processes as well.
What do we do?
We review the current VAT return processes, the ERP or accounting systems used, and the structure of VAT analytics. We identify data quality issues, manual steps, and potential risks of implementation.
We examine the tax codes used by the company and support their mapping to the structure applied by the tax authority. We help to develop a consistent tax code logic that reduces the risk of incorrect classifications and tax return discrepancies.
We support the development of the data structure and mapping necessary for the operation of eVAT. We check whether the content of the VAT analytics can be properly mapped to the expected format and make proposals for the necessary data and process improvements.
We assist in the development, verification and testing of eVAT-compliant XML datasets. If necessary, we also collaborate with your company’s IT team, ERP developer or external developers.
We help you interpret the validation results and NAV feedback sent by the system. We support the identification of the causes of errors, the development of the repair process and the definition of responsibilities.
We check the developed solution with test files. We support the correction of detected errors, the fine-tuning of the process and the preparation for live operation.
We can train the relevant financial, accounting, tax and IT staff to use the new process. If required, we provide support in managing changes, errors and operational issues even after implementation.
What benefits can eVAT provide?
- reduce manual data processing and administration,
- the filing process can become faster and more transparent,
- improve the quality and controllability of VAT data,
- errors can be identified even before the return is submitted,
- mitigating tax and audit risks;
- more coherent cooperation can be established between the fields of taxation and IT.
Who do we recommend it for?
Our service can be especially useful for businesses that:
- handle large volumes of invoices or transactions,
- they use multiple tax codes and complex VAT transactions,
- work from multiple ERP or accounting systems,
- compile their VAT returns with significant manual work,
- regularly experience data discrepancies or reconciliation problems;
- They want to automate and make their VAT processes more controllable.
We also provide training, process review and practical support for businesses with a smaller number of transactions to use the eVAT web interface.
How do we work?
The eVAT introduction is adapted to the operation and IT environment of the business:
- We assess your current systems, data and processes.
- We identify gaps and development tasks.
- We establish the matching of tax codes, transactions and tax return data.
- We support the development of XML and M2M pipelines.
- We test data files and system connections.
- We prepare employees for the new operation.
- We support the live launch and the period after it.
Why choose ABT?
The successful introduction of eVAT requires taxation, accounting, data management and technology expertise at the same time. By coordinating these areas, our experts will help you develop a solution that meets the requirements, fits into your business operations and is sustainable in the long term.
Not only do you meet the requirements of eVAT, but you can also take advantage of the efficiency opportunities inherent in digitalisation. Prepare for eVAT in good time, contact ABT’s experts and request a personalised assessment of your company’s eVAT readiness.
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