Global VAT Reporting Tool (GVRT)

Our Global VAT Reporting Tool can help your business keep acceptable compliance levels today while future-proofing your organization.

Related topics Tax Tax compliance

What EY can do for you

As increasing numbers of tax authorities around the world introduce new reporting obligations, businesses are under growing pressure to stay compliant with the complex requirements and changes. The introduction of transaction level reporting makes this even more challenging, removing the ability and the time to manually interact with data before its submission to governments.

EY Global Technology helps in keeping acceptable compliance levels today while future-proofing one’s organization for tomorrow.

EY Global VAT Reporting Tool

Redefining the approach to insourced compliance

EY teams have developed GVRT, a cloud-based tool, to help companies insource their indirect tax function by leveraging the latest value added tax (VAT) reporting technology available, redefining the standards of indirect tax compliance reporting processes.

Key functionality

GVRT is a broad global VAT and goods and services tax (GST) reporting solution, that redefines and globally standardizes the preparation, production and reporting process of the business.

VAT/GST return production
  • Transactional data loading

    • Quickly load data via “drag and drop” functionality
    • Multiple accounting and finance systems supported
    • Load from multiple sources
  • Tax technical accuracy testing

    • Extensive tax technical testing feature to stress test your transactional data before reporting
    • Use pre-defined EY tax technical tests or customize your own
    • Automatic testing of all transactions
  • Review and correct

    • Automatic anomaly detection 
    • Review and edit transactions
    • Track changes and repost schedules
  • Generate returns and working papers

    • Broad digital audit trail compliant with digital reporting requirements globally, including UK MTD, SII and SAF-T
    • Generate returns at a click of a button
    • Supports multiple return types: VAT/GST, Intrastat, EC Sales Listings and other returns*
    • Automated indirect tax returns production with your transactional data either via an automatic feed from your business systems or via simple upload functionality
    • File directly with the tax authority*
      (*functionality varies by jurisdiction)
  • Dashboards and process tracking

    • Built-in obligation and deadline tracking via management dashboards
    • Powerful analytics produce key indirect tax metrics, trends, liabilities and status reports

Why choose the EY Global VAT Reporting Tool?

GVRT provides organizations with a flexible, scalable, cloud-based solution for global indirect tax compliance.

Helps reduce compliance process time

By standardizing the compliance process across countries and entities, GVRT helps enable organizations to reduce the compliance process time. Benefits of this include: 

  • Standardized VAT compliance process
  • Automated return preparation
  • Automated data consolidation and manipulation
  • Automated checks
Helps enhance controls and governance

GVRT helps to enhance the control and governance framework of your indirect tax compliance process by globally standardizing it. Features include:

  • Centrally agreed set of controls
  • Inability to bypass key controls
  • Clear process and audit trail
  • Standardization of VAT return process including workflow tracking and role segregation
Helps manage indirect tax risk

Reduce your compliance risks by being updated automatically of any legislative changes and by automating your indirect tax returns production. GVRT provides:

  • Increased exception reporting and analysis
  • Analytics routines to flag anomalies and transactions requiring review
  • Improved visibility and identification of overall VAT risk
  • Status tracking of indirect tax filings
Helps improve data accuracy and access

Powerful tax technical testing and analytics provide easy access to your organization’s data at the transaction level; providing extensive insight into your data. 

  • Consolidation of multiple data sources
  • Automated exception reporting
  • Quick access to transactional data
  • Identify cash savings and other opportunities

Request a demo of the Global VAT Reporting Tool

See how our flexible, cloud-based tool can help you manage your company’s indirect tax function.

Request now

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Indirect Tax in Motion

EY’s revolutionary approach can help you deal with your indirect tax function challenges.

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