Introduction & Benefits
Cygnet TaxTech offers an automated VAT Returns, Reclaims and Compliance Management Solution to the VAT professionals and Tax practitioners in UK & EU to manage international tax compliances efficiently, streamline processes and mitigate risks. This solution helps accelerate indirect tax data collation, validations and adjustments along with preparing, verifying, and submitting VAT returns in specific accepted formats.
- Easy & quick integrations with multiple data sources
- Highly powerful & scalable
- Efficient risk management
- Improvise VAT control & governance
- Optimize VAT operations for accurate and timely indirect tax compliance
- Generate accurate UK & EU VAT reports
- Make business and financial decisions faster
- Keep businesses updated with evolving tax laws and regulations
- Compatible with the business of any size and type
This solution is best for:
Learn how tax teams are ensuring quality data for accurate tax submissions with our VAT returns and compliance management solution
Learn how small businesses can benefit from our easy to implement Cygnet TaxTech solution
Help your clients file VAT returns on time with our solution
Get a solution that can easily be integrated into any system
Cygnet e-invoicing and GST Filing processes are very robust and accurate. We have faced zero failures so far. The API integrations have been seamless. The team at Cygnet has been very supportive and always available for any type of queries. From initial discussions till go live phase they have been helpful and understanding. The portal is very descriptive and easy to understand for all the users. Thanks, team, for all the efforts put into the solutioning and designing, making our processes smooth and fast.
Mr. Vaibhav Chaudhary
Associate Director | Elastic Run
VAT returns automation solution
Connect any business systems with our data converter to prepare a centralized data of all sales and purchase reports which helps in data validation and error detection. Integration with Cygnet TaxTech’s EUVAT solution will prepare compatible multi-country VAT returns and gain instant ready-to-file format according to the respective EU authority’s jurisdiction.
Data extraction & conversion module
Gather data from multiple systems, compute huge data transactions & convert the data into the required format with Data Extraction & Conversion module.
SFTP based integration
Automate data extraction process, complex compliance validations with scheduling capability, and more with SFTP based integration
API based approach
Automate data extraction from multiple data sources such as ERP, accounting software, etc., using connectors, APIs, and data warehouses
Enable extensive validations as per HMRC VAT laws in the UK and jurisdictions across European countries & comprehensive built-in data validation capabilities for compliance, financials, data sanity and availability
Value added offerings
Track tax compliance submissions across Europe & the UK, improve coordination between internal tax teams and external advisors, perform activities on the documents and do more with Cygnet TaxTech’s Compliance tracker
Solution powered with Big Data, RPA, and AI-ML for efficient, compliant, and error-free indirect tax management across Europe and the UK
Create a series of automated process flows to perform various functions on the data extracted from source systems, transforming/converting data in the required format along with replacing the manual adjustments undertaken by finance professionals with Cygnet Tax Tech’s data converter.