VAT Spectrum

VAT Spectrum is a Software as a Service - you pay only one monthly subscription fee. No costs associated with installation, maintenance or update of the tool.

The solution, which enables the preparation of all VAT reports, will help you detect errors in reporting and check the validity of your customers’ and suppliers’ VAT IDs.

Based on the data entered, VAT Spectrum calculates all your VAT reports for you, then automatically arranges transactions into individual sections of the control statement and the EC Sales List. You can then download all reports in the desired format: xml for submission to the respective tax office, and/or pdf and Excel for storage.

In addition to calculating your VAT returns, VAT Spectrum performs a series of 17 checks, such as checking whether transaction dates differ from the reporting period, determining whether the same transaction is reported in multiple tax periods (thus avoiding duplication in reporting), checking if you have already claimed a VAT deduction from a particular transaction in the past and more.

VAT Spectrum is also an analytical tool; on the dashboard it shows the development of your tax liability or excess VAT deduction throughout the year and helps to detect unusual fluctuations. You can add notes to individual tax periods to collaborate with other colleagues participating in preparing the reports. VAT Spectrum stores all notes and time data related to the process of preparing VAT reports in case of potential inspections by the tax office or personnel changes in your company. It also monitors the threshold for Intrastat registration.