Sovos Foriba SAP MTD Cockpit is on HMRC’s Software Supplier List
We are pleased to share that HMRC has listed Sovos Foriba on its list of software suppliers supporting Making Tax Digital for VAT.
Sovos Foriba SAP MTD Cockpit is suitable for businesses and agents. Sovos Foriba SAP MTD Cockpit enables you to manage your VAT returns in an efficient and audit-compliant way.
Software Basic Features
- Check what VAT you owe.
- Submit VAT Return for Period.
- View submitted VAT Returns.
- Retrieve VAT Liabilities.
- View VAT Payment history.
- Digital VAT record keeping.
- Runs on SAP as an end-to-end solution.
- On-Premise / Private Cloud options.
- Data Analytic Capabilities.
- Tailor Made Product.
- Easily customizable upon customer’s needs
- Flexible solution and can be adjusted according to the customer’s design.
- It can connect to internal and external data sources.
It is possible to make adjustments (include/exclude invoices/lines from a certain period or report in a different period).
History of the adjustments can be monitored easily.
Sovos Foriba FA module, which is built on Sovos Foriba SAP MTD Cockpit helps customers to calculate & claim VAT in the corresponding period automatically.
- Compliance checks according to the VAT legislation,
- Validation rules according to the technical rules set by the HMRC,
- Custom-made rules can be set up according to the customer’s needs, applied to the data prior to sending to HMRC.
- Warning/Error messages, if the file fails any of the rule set-ups in advance.
- Easy to handle error messages with a detailed description.
- If any error messages are received from HMRC, users will be informed via email.
- Upon request archiving ability.
- Sovos Foriba SAP MTD Cockpit enables you to manage your VAT returns in an efficient and audit-compliant way.