Before every advance VAT return, companies face the same question: how high is the actual VAT liability for the period in question, and are the underlying figures correct? Anyone who only gets the answer from their tax advisor or at the last minute before the deadline loses valuable time for corrections. 1Tool brings clarity with a dedicated view that breaks down the VAT liability by tax rate, makes every line traceable down to the individual posting and lets you export a VAT return file (UVA) directly from the system.
VAT liability broken down into tax rate buckets
Instead of presenting a single grand total, 1Tool divides the VAT liability into transparent buckets for each tax rate. For each of these buckets, output tax (the VAT charged on outgoing invoices) and input tax (the deductible VAT on incoming invoices) are shown separately. This lets you see at a glance which tax rates your company operates in and how the figures are distributed across the different rates. That is particularly helpful when a company works with several tax rates, for example because goods and services are taxed differently.
Drill-down to the individual posting
Figures without context are of little help when a query comes in. That is why every tax rate bucket in the view can be expanded with a click. You then see immediately which individual postings make up the respective total. This spares you the tedious search for the cause of a discrepancy and makes the figures traceable at any time, both for you and for your tax advisor. Especially when a question arises about a specific line, you can clarify within seconds which invoice or receipt is behind it, without having to leaf through separate posting lists.
Store your tax number and export the UVA file
So that the export can be assigned correctly, your own tax number is entered and saved once per user in 1Tool. Once that is done, you can generate a UVA XML file for the selected period directly from the view and download it. This file summarises the results of the breakdown in the format required for the advance VAT return and can be used as the basis for further processing.
Frequently asked questions
Do I have to re-enter my tax number for every export?
No. The tax number is stored once per user and used automatically for future exports.
Can I see which postings are included in a tax rate bucket?
Yes. Each bucket can be expanded with a click to view the underlying postings in detail.
In what format do I receive the exported file?
For the selected period, a UVA XML file can be generated for download.
Would you like to see what the VAT return view would look like for your company?
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