Tax that follows
the transaction.
VAT goes wrong when the scheme is applied at the end instead of the start. Qwikr decides the treatment when the transaction is recorded — domestic, cross-border, exempt or out of scope — and builds the return from that.
The parts other systems bolt on
Partial exemption, capital goods, OSS and ESL are usually spreadsheets sitting next to the accounting system. Here they read from the ledger.
The schemes most businesses use
Standard, cash accounting and flat rate — applied to the transaction as it is recorded rather than adjusted for at the end. Margin and retail schemes can be recorded against a client; Qwikr does not yet compute figures under them.
EU One Stop Shop
Cross-border B2C sales identified by consumer location, charged at the destination rate, and compiled into an OSS return by member state.
EC Sales Lists
B2B supplies to EU customers gathered into an ESL with VAT numbers validated, so the list is right before it goes rather than after a query.
Partial exemption
Standard method calculations with de minimis testing and the annual adjustment, worked from the underlying transactions.
Capital goods scheme
Items tracked over their adjustment period with each interval calculated when it falls due, not remembered by whoever ran it last year.
Multi-currency
Transact in any currency with rates applied at transaction date, and realised and unrealised FX gains and losses posted separately from trading.
Place of supply
Digital services, goods and services follow different place-of-supply rules. The engine applies the right one instead of assuming domestic.
Pre-filing diagnostics
A return is checked against the ledger before submission — unusual movements, missing rates, postings outside the period, reclaims that look wrong.
Digital records and links
MTD digital record keeping with an unbroken digital link from source transaction through to the figure on the return.
Sell into the EU without a spreadsheet per country
Sell digital services or goods to consumers across the EU and you owe VAT at each customer's local rate, in each member state, reported quarterly. Done by hand that is a spreadsheet, a rate table that goes stale, and a quarterly panic.
Qwikr determines the customer's member state from the evidence on the transaction, applies that state's rate at the point of sale, and accumulates the return as you trade. At quarter end the OSS return is already built.
- Consumer location determined from transaction evidence
- Destination VAT rate applied at the point of sale
- Return accumulated continuously, not reconstructed quarterly
- Threshold monitoring so registration obligations are not missed
Catch the wrong return before HMRC does
A VAT return that is wrong is usually not wrong in an interesting way. It is a purchase coded to the wrong rate, an invoice dated outside the period, a reclaim on something not reclaimable, or a figure that moved when nothing about the business did.
So the return is checked against the ledger before it is submitted, and anything that does not look like this client's normal quarter is raised while it is still cheap to fix.
- Period-boundary postings and late adjustments flagged
- Rate anomalies against the client’s own history
- Non-reclaimable input tax highlighted before it goes
- Box-by-box comparison with the previous four quarters
Questions, answered
The MTD functionality is built and works against HMRC’s API — VAT and ITSA submissions, digital record keeping and digital links. Our production credentials are being finalised with HMRC, and until that is switched on the platform deliberately refuses to file rather than reporting a submission that did not happen. We will confirm the position with you before you rely on it for a live filing deadline.
From the evidence on the transaction — billing country, delivery country and, for digital services, the supporting indicators the rules require. Where evidence conflicts, the sale is flagged for a decision rather than assigned silently.
Yes, including the limited cost trader test and the first-year discount. Flat rate is applied as the transactions are recorded, so the VAT account reflects the scheme throughout the quarter instead of being restated at the end of it.
Not yet automated — postponed VAT accounting is on the roadmap. Import VAT can be recorded and reported today, but reconciling it against HMRC’s monthly statement is a manual step for now.
Every figure drills through to the transactions behind it. That is the point of the digital link requirement, and it is also what you need when HMRC asks.
Have us check a return you have already filed
Start a free trial, or walk through the platform with us. No card required to look around.