New digital platform delivers seamless fiscal representation overseas, benefiting UK businesses preparing for Brexit.
Solihull-based software company, Matter of Software (MOS), has successfully designed and implemented a new digital platform for client, Desucla, facilitating seamless fiscal representation management in a number of overseas countries. The game-changing, web-based platform offers significant benefits to companies preparing for Brexit, who, from 31st December 2020, are likely to need fiscal representation or risk disruption to their business.
Previously, a time-consuming, paper-based, up-front requirement, involving expensive bank guarantees, the new system is able to request and manage fiscal representation almost immediately. This allows VAT compliancy providers, such as accountancy practices, to manage fiscal representation on behalf of their clients and assists individual businesses or merchants requiring a local VAT number.
Amidst Brexit uncertainties and additional demands from online marketplaces, such as Amazon, regarding compliance from non-European businesses, there has been an increase in the need for VAT numbers in different jurisdictions. For Desucla, a company offering fiscal representation and VAT payment services in over 35 countries, the need to simplify the process and expand reach, while keeping costs low, was fundamental, hence their requirement for a digital solution.
Richard Baxter, Managing Director at Descula, comments: “We work directly with companies selling across borders and/or with their advisors to enable efficient and cost-effective compliance with global VAT requirements. We needed to digitise the process and selected MOS to build our product and website from the ground up. It was a complex build involving payments & FX integrations, with complicated logic for multiple user types, so we needed a partner we could trust to build a secure platform. The MOS team was extremely engaged, enabling quick resolutions to any challenges and, ultimately, the project was delivered on time and to budget”
Ryan Bishop, Managing Director at MOS, says: “We were delighted to support Desucla on their digital journey. Our bespoke platform allows VAT return information to be uploaded, single currency payments to be made and onward payments for governments to be seamlessly orchestrated. The solution works with industry partners to manage payments, invoicing, foreign-exchange management and bank payment management.”
He continues: “We have an exciting product roadmap ahead for this Software as a Service (SaaS) solution, and look forward to supporting Desucla, bringing new and additional services to the platform. In the next phase of release, the platform will allow merchants to make a single tax payment in a selected currency for onward payment to multiple tax authorities, further simplifying the process for businesses and VAT compliancy providers.”
For more information on Desucla and how they are helping UK businesses to prepare for Brexit, please visit: https://www.desucla.com/
For more information on MOS, a UK specialist in software development and integration, supporting businesses looking to digitise business processes, please visit: https://www.matterofsoftware.com/ For further comment, please call Ryan Bishop on 0330 223 6844 or email email@example.com