iVAT Expert helps you to find your way through the complexity of VAT legislation, allowing you to find a correct VAT solution for the most diverse of transactions.
In order to determine the correct VAT treatment of a transaction, iVAT Expert will start by asking you all the relevant facts such as the nature of the transaction, the place where the customer is established and so on..
Once you have entered all the factual data, iVAT Expert will provide you with the correct VAT solution for these transactions, including:
- the VAT treatment that applies in the countries concerned;
- how to report the transaction in your VAT return(s);
- quarterly report and intrastat obligations;
- an invoice with all the statements required for VAT purposes.
The programme takes into account the VAT laws of all the EU Member States!
To ensure that you can simulate all your transactions, iVAT Expert has predefined customers and suppliers and a database of a large number of goods and services (including the applicable VAT rate in the different Member States). You can also personalise iVAT Expert by importing your own customers and suppliers. This is done using a ‘profile’ containing specific user information. What is more, you can create several different ‘profiles.’ This is recommended if you want to carry out VAT analyses for different entities (such as your subsidiaries).
iVAT Expert allows you to check the validity of all your customers’ and suppliers’ VAT numbers with a single click of the mouse. This is done using a link to VIES (the Vat Information Exchange System).
Constant updates ensure that the programme always takes the most recent changes to the law into account.
iVAT Expert is available as a stand alone / network version (with internet updates) and as an online internet version.
iVAT Invoice allows you to create invoices, both on paper and in electronic format. This means that both suppliers and customers can process the invoices electronically.
Moreover, you can find out how each invoice is to be entered on the supplier’s and customer’s VAT return, with details for each line of the invoice.
When creating each invoice, you can check the customer’s VAT number online using VIES (the Vat Information Exchange System).