VAT Extraction from Invoices
Extract all VAT-related fields from invoices automatically: supplier VAT number, customer VAT number, VAT rate, net amount, VAT amount, and gross total. ParseFlow AI handles EU VAT invoices, UK VAT invoices, multi-rate invoices, and reverse charge scenarios.
Accurate VAT extraction is essential for input tax reclaim, VAT return preparation, and EU cross-border trade compliance. ParseFlow AI's validation engine verifies that extracted VAT amounts are mathematically consistent with stated rates and subtotals.
VAT fields extracted
ParseFlow AI extracts: supplier VAT registration number, customer VAT registration number (where shown), VAT rate percentage for each line item or for the invoice as a whole, net amount before VAT, VAT amount, and gross total inclusive of VAT. For invoices with multiple VAT rates (e.g., standard and reduced rate items), each rate band's net and VAT amounts are extracted separately.
VAT validation
After extraction, ParseFlow AI validates the VAT arithmetic: net amount × (1 + VAT rate) should equal gross total, within a small rounding tolerance. If the extracted values don't reconcile, this is flagged in the review panel so you can check the original invoice before the data enters your accounting records.