The new control layer in VAT compliance: why reconciliation matters

Tax authorities are rapidly advancing the digitisation of VAT in response to a growing VAT Gap and increasing pressure to improve compliance. As Continuous Transaction Controls (CTCs), mandatory eInvoicing and real-time reporting regimes are become the norm. Tax authorities now have direct visibility into transaction-level data. VAT returns are no longer viewed as standalone summaries. Increasingly, they are expected to reconcile with eInvoice data, real-time reporting submissions and underlying transaction records. 

For many organisations, this presents a significant challenge. Transaction data is often fragmented across ERPs, billing systems, eCommerce platforms, tax engines and spreadsheets, making it difficult to demonstrate consistency between source transactions, eInvoices and reported VAT positions. 

We will also introduce Fintua Comply Reconciliation, demonstrating how businesses can connect VAT returns, eInvoices and ERP data to identify discrepancies earlier, strengthen audit readiness and gain confidence in their VAT reporting. 

The session will conclude with a live demonstration of how Fintua helps businesses connect VAT returns, eInvoices and ERP data to deliver greater control, visibility and compliance confidence. 

Key takeaways from this webinar include:  

• Why reconciliation is now critical for VAT compliance Understand how the growth of eInvoicing, Continuous Transaction Controls (CTCs) and transaction-level reporting is changing the role of VAT returns and making reconciliation essential for compliance. 
• What tax authorities can now see — and how they use it Learn how tax authorities are leveraging eInvoice and transaction-level data to perform automated validations, pre-populate VAT returns and identify discrepancies before audits begin. 
• How to implement a modern reconciliation framework Discover how automation, exception management and centralised controls enable continuous compliance and reduce risk