The fact is that development of these models has followed similar steps to those of e-invoicing; the standards and demands of companies vary in the different markets. But even so, all the electronic VAT return models in Europe are similar in certain aspects:
- Member States are committed to electronic enforcement of this tax in order to simplify the process, combat fraud and reduce the return times for businesses, which until now were rather long in most countries.
- Spread of digitization. Electronic VAT return projects such as SII are designed to be yet another step on the road to paperless working taken by the different governments. Before rolling out the system, almost all of them have expanded e-invoicing between the public sector and its suppliers.
- Businesses using SII will be required to submit their VAT-related information in an XML format. In this case, the AEAT has designed a specific schema, but many other European countries use the XML SAF-T standard developed by the OECD.
- Typically, as with the SII, companies that submit their VAT returns electronically have two connection options: manually transmitting the files through the platform (for users with a low volume of files) or automation via web service, which integrates the ERP with the tax agency’s platform.
- Validations. Another common feature between SII and the systems in other European countries is the data validations. Once the tax authority, the AEAT in Spain, receives the VAT information, it validates it and sends the company back a response in which it confirms or rejects the data.
Does your ERP issue SII system-compliant VAT books? If so, you’re just one step away from compliance with the AEAT requirements.
EDICOM provides an agile and immediate start-up solution for connection with the AEAT. If your business has the capacity to issue VAT books in accordance with the SII specifications, EDICOM can manage the automatic forwarding of this information to the Tax Agency safely and transparently. This way, you can complete your SII solution quickly and in compliance with all the requirements.
The EDICOM platform has tried and tested operational developments that ensure smoothly flowing and secure communication with the Tax Agency. Through the communications platform, users automate forwarding of their VAT books and can also store them along with the response notifications from the AEAT. The service, designated EDICOMLta (EDICOM Long Term Archiving) is a long-term safekeeping facility that guarantees the integrity and authenticity of VAT ledgers submitted over time, raising them to the rank of evidence through “Trusted Third Party EDICOM”.
–> Download the White Paper on the SII to find out how this new e-VAT model affect your business.