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Testing the effectiveness of a VAT Control Framework using data analytics
KEY Group’s core expertise is designing, improving, implementing VAT compliant processes and testing the effectiveness of a VAT Control Framework. To test such a framework a tailor-made exercise is...
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Data Analytics on all VAT relevant data within SAP
A non exhaustive overview of user benefits All relevant VAT data separately stored in database in SAP (immediate available without any run-time issues) Continuous Controls Monitoring for all...
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SAP and Transaction Tax Engine functionality
This article is about SAP’s Transaction Tax Engine that uses decision trees in contrary to SAP’s MWST functionality that uses condition tables. Get it Right at the Tax Front-End Multinationals across...
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KEY Group’s services: Data Analytics
KEY Group’s core expertise is designing, improving, implementing VAT compliant processes and testing the effectiveness of a VAT Control Framework. To test such a framework a tailor-made exercise is...
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Indirect tax function effectiveness: Quantification of Risks and Root Cause...
As a follow-up of the VAT throughput exercise, statistical sampling could be used to measure the company’s ‚as is’ performance. Sampling has the added benefit that the exact amount of any tax...
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KEY Group’s services: SAP review
During a SAP review we verify the proper working of the implemented VAT configuration. Changes in the business model, master data or legislation will have an impact on the implemented VAT...
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Indirect tax function effectiveness: SAP’s Transaction Tax Engine
The Transaction Tax Engine (TTE), which manages Tax outputs, handles high volumes of transactions often generating billions of dollars of tax revenue. In simple terms, it uses the decision tree to make...
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Taxmarc™: gain real hindsight, insight and foresight
Only Taxmarc™ has the SAP expertise and analytics skills turning real-time accessible information into useful and actionable insights. Why? Via Taxmarc™ Tax Engine all VAT relevant transactional data...
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Eight out of ten businesses still using spreadsheets for VAT compliance
More than 80% of businesses are still using spreadsheets to manage their VAT compliance in at least one jurisdiction in which they operate, despite tax authorities around the world investing in better...
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Spain’s plans for VAT Immediate Supply of Information (SII)
According to recently-published European Commission studies, the VAT gap in Spain has been decreasing, although at more than EUR 10bn the difference between VAT paid and VAT that should be paid is...
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