Digital M – VAT M form data reporting

Does your company lack sufficient tax advisory capacity? Is preparing and checking VAT returns a risk? Would you like to make data reporting faster and more efficient? Would it be important to apply a multi-faceted control function? If the answer to any of these questions is yes, our latest development is for you.

Preparing VAT returns and related data reports is a time-consuming and energy-intensive task for every business. The preparation of data reports also carries significant risk, as even a single incorrectly configured invoice can result in substantial penalties.

What could be the solution? How can we help? The NAV online invoice database 2.0 and version 3.0, which will be implemented in 2021, enable the comparison of invoice data available to the company with that in the NAV database. What does this mean in practice?

In collaboration with our company’s tax and IT experts, we have developed a Windows-based application that can be run on multiple computers and compares the data content of supplier invoices exported from the company’s accounting programme with the online invoice information provided by the National Tax and Customs Administration (NAV). The application performs multi-faceted checks, flags any errors, and performs automatic corrections as required. Our system then generates the file structure specified by the NAV, allowing the data to be easily imported into the VAT return data reporting form.

What are the benefits of using our application?

• We develop our application individually for each customer, so they do not receive a boxed application, but exactly what they need.
• Our application does not require any development or connection to management software.
• The preparation of data reports is significantly accelerated, and the data is displayed accurately and available for comparison with the data uploaded by the issuer.
• Given that the data is verified against the NAV online invoice data, the number of potential errors is radically reduced.
• Our application can be supplemented with additional functions, and our services can even be used in an integrated manner (VAT Checker – checking domestic and EU tax numbers, complete retrieval of buyer and supplier invoice data from the NAV online invoice system, preparation of Community summary statements).
• Our technical solution includes numerous verification functions, including comparison with any data available from the NAV online invoice database (tax number, invoice number, company name, etc.), order of magnitude verification, invoice number verification, and any other verification functions required by the customer.
• We develop applications with fast turnaround times and short delivery deadlines.

If you like our offer, please contact our experts at the contact details below so that we can familiarise you and your colleagues with our application in detail and save you time, starting as early as tomorrow.