Save time, automate your VAT compliance process

KPMG’s Partial Exemption Cube software (PX Cube)

Clients in all industries are looking to technology to help streamline VAT compliance activities and manage valuable resource within the business. In addition, tax authorities are increasingly focused on visibility and control over the underlying data and accompanying business processes.

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Clients in all industries are looking to technology to help streamline VAT compliance activities and manage valuable resource within the business. In addition, tax authorities are increasingly focused on visibility and control over the underlying data and accompanying business processes.

In the current climate where costs and time are under pressure from the rent cuts, right to buy changes and value for money regulations - housing associations can release valuable time and cash back into the business from good efficient tax housekeeping. KPMG’s Partial Exemption Cube software (PX Cube) helps clients to automate VAT compliance, including partial exemption calculations, the generation of periodic VAT returns and annual adjustments. The PX Cube has been designed specifically to address the needs of partly exempt clients, and has been used by a number of clients across a variety of sectors for a number of years. 
 

PX Cube has numerous potential benefits, including:

  • Risk and Corporate Governance – significant reduction to the potential for manual error, when compared to typically spreadsheet-based reporting environments;

  • Cost and Resource Management – cost effective, user configurable automation, helping to free up valuable resource to undertake more value added activities;

  • Data Cleansing – standard and customizable cleansing and analysis activities built in

  • Audit Trail Accessibility – provides full audit trail visibility, for current and past reporting periods

  • Reporting –  full suite of standard and customizable reports available covering underlying calculations, trends, tolerances and audit logs

  • Modelling – offers a modelling environment for ‘what-if’ scenario planning

  • Availability – can be implemented on-site or be readily available via a Cloud based hosted environment
     

We will be offering demonstrations of PX Cube on our stand at this year’s NHF Housing Finance Conference and Exhibition in Liverpool on 16/17 March 2016, and we would be delighted to discuss how it could be used within your organisation. 

If you are not going to Liverpool or reading this afterwards, then please get in touch with Dan Smith or John Rippon directly and we can set up a demonstration at your convenience.

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