Digital VAT reporting is one of the first steps in the “Making Tax Digital” programme from Her Majesty’s Revenue and Customs (HMRC), the tax authority for the United Kingdom. For VAT periods which begin on or after 1st April 2019, tax data for those periods may only be exchanged between accounting software and the tax authorities via a digital link. Find more in our blog post “MTD for VAT in SAP ERP: how to implement this UK HMRC VAT rule”.
PIKON’s fully integrated on-premise solution for compliance with MTD for VAT in SAP
The “PIKON integrated MTD-VAT Connector for SAP” SAP Add-on for both SAP ECC and S/4 HANA systems now fills the gap which SAP itself leaves open in ECC and earlier S/4HANA releases with no Cloud platform connection.
Thanks to the streamlined on-premise installation in PIKON’s namespace, our MTD-VAT Connector can be integrated seamlessly into your existing SAP ERP system. Neither a Cloud connection nor any other external software modules are required. Thanks to the MTD VAT Health Check included in the package, PIKON ensures that your system and therefore also our tool work in compliance with the Making Tax Digital regulations.
The SAP Add-on reads all financial documents which are relevant for tax and puts them into the format required by HMRC without affecting your existing processes. It handles both authentication to the UK tax authorities and data exchange to and from HMRC. You just need the existing SAP FI data and internet access. Thanks to extensive customising, the “PIKON integrated MTD-VAT Connector for SAP” can be configured very flexibly and can be adjusted to work with a wide variety of different system landcapes. Transparent reporting of the sent data as well as up-to-date reports from HMRC are also an integral part of our solution.
The interface, developed by our UX experts on the basis of SAP WebDynpro, guides the user through the various steps, from selection of the periods to be reported through to successful data transfer.
Of course, PIKON also provides support and maintenance for your installation and will adapt the MTD-VAT Connector to match future changes by HMRC.
Overview of the Integrated MTD-VAT Connector for SAP:
HMRC-recognised Add-On for compliance with MTD in SAP ECC or SAP S/4HANA
In February 2019, HMRC recognised PIKON’s Integrated MTD-VAT Connector for SAP and granted access to the production environment. True to the motto of “Use what you sell”, PIKON itself uses the tool in its UK branch and can therefore look forward to the deadline of 01/04/2019 with no concerns.
Thanks to the professional expertise of our PIKON developers, and with more than 20 years of experience in SAP ERP projects, we have succeeded in providing you with a simple and secure tool which you can use to comply with the deadline without any problems.