BRT-Tax Crafter (BTC)

Indirect Tax Compliance (ITC)

What is Indirect Tax Compliance?

  • Indirect taxes in the UK and Europe primarily consist of Value Added Tax (VAT) and excise duties on specific goods such as alcohol, tobacco, and energy.
  • The common VAT system applies to goods and services bought and sold for use or consumption within the EU.
  • Excise duties are levied on the sale or use of certain products.
  • VAT harmonization in the EU aims to ensure transparency in intra-EU trade and the proper functioning of the internal market.
  • In the UK, the indirect tax system includes rules that businesses must be aware of, such as registration limits for VAT and specific legislation for non-resident supplies of electronically supplied services.

Solution Offerings

The Solution offers various levels and benefits to supercharge businesses. Let me break it down for you:

Our Solutions Offer e-filing and data reconciliation, adjustment, and reporting capabilities.

Automate the business process for filing Indirect Taxes like VAT etc based on configured country and laws.

Real-time tax rates and rules with customizable tools and ease in configuration.

Centralized dashboard for a comprehensive overview of the tax compliance process.

Integration with other systems and data ingestions from various systems.

AI based risk management tools to reduce errors in tax filings.

BI tools for Extensive data analysis tools to ensure the integrity of tax data.

AI based Latest e-filing advancements to support industry-specific requirements.

Business Benefits

Cost Savings

Using this solution can lead to significant cost savings by reducing the risk of errors, violations, and over-or under-payments

Efficiency Gains

Teams can achieve greater efficiency with automated solutions that streamline the tax filing process, minimizing manual data entry and inconsistent work processes

Error Reduction

Our solution can decrease the incidence of errors caused by manual processes, thereby improving the accuracy of tax filings.

Compliance with Regulations

Our solutions help ensure compliance with the ever-changing tax regulations and reporting requirements across different European countries

Real-time Reporting

With the digitization of tax systems, our solution enable real-time reporting and e-invoicing, which are becoming increasingly mandatory in Europe.

Long-term Investment

This Solution aligns with the long-term interests of an organization by improving departmental operations and supporting the overall business strategy.

Application Snapshots

BRT-Tax Crafter – Provides in multiple languages as part of the overall Region/Country

Ready to take your business to the next level?