With the introduction of Making Tax Digital (MTD) it is even more important for organisations that VAT is recorded correctly in their financial system at the first point of entry. Xledger has fully integrated VAT functionality throughout all modules, ensuring that when the VAT return is generated at the end of the quarter the process is quick and accurate. Electronic submission from the application reduces the administrative burden even further.

Features:

  • Standard VAT setup out-of-the-box for UK, Sweden and Norway
  • Product-driven output tax calculations
  • VAT filters for invoicing customers outside the home jurisdiction
  • Supplier and/or account driven input tax calculations
  • Support for partial exemption, both activity driven and period end calculations
  • Automatically generated VAT return
  • Automatic posting of VAT journal
  • Direct link to HMRC (MTD)
Solution overview
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