Global VAT Reporting Tool (GVRT)

A cloud-based, scalable platform for comprehensive data preparation, reporting and transaction processing to tax.

Tax authorities around the world are introducing new reporting obligations and transaction-level reporting — which means businesses are under increasing pressure to stay compliant and up to date with the latest requirements. EY professionals developed GVRT to help companies insource their indirect tax function by leveraging the latest value-added tax (VAT/GST) reporting technology available, redefining the standards of indirect tax compliance reporting. It helps simplify, automate and digitize VAT/GST reporting.

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Load transactional data

Transactional data is uploaded from multiple accounting and finance systems directly into the tool.

Test tax technical accuracy

Data is tested against customisable parameters, which address unique client requirements, to support and enhance VAT/GST compliance.

Review and correct transactions

Review application of VAT/GST tax codes to ensure that the tax is being reported correctly to the revenue authorities whilst tracking changes in real time at the source.

EY’s GVRT has helped clients automate their end-to-end reporting process, significantly reducing the amount of manual intervention initially required. As a result, the users gain more control and visibility, with tax calendar tracking and global analysis through comprehensive data-driven dashboards.

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Manage VAT/GST risk effectively

Operate more efficiently by:

  • Automating your indirect tax return preparation
  • Using analytics to flag anomalies and transactions requiring review

Improve data accuracy and use

Use resources more efficiently and gain insights to your data by consolidating multiple sources and automating exception reporting.

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Drive value and transformation

Leverage EY’s global experience and business insights to stay up to date, anticipate and proactively respond to the ever-changing tax regulations impacting your organisation.

Leverage technology to drive tax value

Are you interested in significantly reducing manual VAT/GST reporting work? Talk to one of our professionals.

 

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The team


Andrew Cavenor

Partner/Principal
 


Lisa Chatfield

Senior Manager
 


Adnan Hussain

Senior Manager