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Progressing digitization of tax reporting (accelerated by the introduction of electronic VAT returns and SAF-T reporting) creates new challenges for taxpayers, especially in terms of adjusting the existing tax data collection and reporting procedures to new regulatory requirements. At the same time, tax authorities constantly improve functionalities of tools for automated data analyses and identification of errors and inconsistencies in the submitted SAF-T files, VAT returns, and recapitulative statements.

If errors and inconsistencies are identified, tax authorities call on taxpayers to explain why they occurred and to submit the necessary corrections. The process of presenting explanations is not only time and work-consuming for individuals involved with VAT settlements but put the taxpayer in the spotlight of tax authorities. What is more, failure to correctly fulfil the tax reporting obligation may lead to penal fiscal liability for staff responsible for making tax settlements. Importantly, in the event of an error in the SAF structure preventing the authority from verifying correctness of the transaction, a fine of PLN 500 may be imposed for each error, unless the taxpayer amends the submitted SAF within 14 days.

Thus, proper verification of data used in VAT registers, VAT returns, recapitulative statements and SAF-T files is now of crucial importance.

In order to respond to our clients’ expectations, we employed the extensive methodology developed for VAT settlements to create VATcheck, a new IT tool for making electronic tax reviews.

The tool provides for a comprehensive and automated validation of tax registers, VAT returns, recapitulative statements and SAF-T files to assess:

  • compliance with VAT regulations governing the dates of recognizing transactions in tax settlements;

  • whether the VAT-EU and Tax Identification Numbers [NIP] are active;

  • potential calculation errors and duplicated items;

  • other potential discrepancies with guidelines provided by tax authorities;

  • compliance with data reported under: JPK VAT, VAT-UE and VAT-7.

Thanks to the VATcheck review, you can reduce the administrative burden as well as the potential risk of incorrect VAT settlements.

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