Some countries like Great Britain, demand companies to report information on VAT return digitally to their tax authority. This can be immediately, daily, monthly or yearly. In any case, the data have to be submitted in time and in formats prescribed by law, e.g. XML, TXT or PDF.
SAP offers with “Advanced Compliance Reporting” a holistic solution for real-time legal reporting and monitoring, including all mandatory countries and their specific legal requirements. Besides covering the whole reporting process, additional analytic features and complete traceability ensure keeping your business in compliance.