Sopra Steria implements adjustments to VAT in its software suites

No
01. July 2020

In Germany, the VAT rate will be reduced from 19 % to 16 % and the reduced VAT rate from 7 % to 5 % as of 1 July 2020. This reduction will also affect companies in the energy sector. System operators, traders and market area managers who use the GAS-X/ENER-GX software suites with their market role-specific modules are faced with the challenge of implementing VAT adjustments in their systems on time.

Sopra Steria supports its customers in the technical implementation of the reduction as well as the increase of the VAT rate and has developed market role-specific solutions together with its customers. In addition to a high degree of standardisation, these solutions also feature a high degree of flexibility. This is the only way to reach a large number of companies in a short time and to take their individual customer requirements into account. Among other things, it was particularly important to evaluate demarcation issues based on the defined gas day (starting at 6 a.m.) together with the companies and to include them in the software.

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gas-x.de@soprasteria.com