VAT returns are regular submissions that businesses must send to the tax office to declare the value-added tax (VAT) incurred during the respective reporting period. These returns are usually made monthly or quarterly and serve to determine the VAT liability and remit the due tax to the tax office.
Typical Features of Software in the Area of "VAT Returns":
Automated Calculation: Automatic calculation of VAT payable or refundable based on recorded business transactions.
Integration with Accounting Systems: Seamless integration with existing accounting systems to automatically import VAT data.
Preparation and Submission of Returns: Assistance in preparing VAT returns and direct electronic submission to the tax office through interfaces like ELSTER.
Validation and Plausibility Checks: Conducting validations and plausibility checks to ensure that all entries are correct and complete.
History and Archiving: Storing and archiving all prepared and submitted VAT returns for easy tracking and auditing.
VAT Reporting: Generation of detailed VAT reports that form the basis for the VAT return.
User-Friendly Interface: Providing a user-friendly interface for easy input and editing of tax data.
Compliance Support: Assisting in complying with all legal requirements and deadlines related to VAT.