My clients keep getting audit queries →
DIR audit queries can require transaction records, rate classification support, and documents kept by the business. CoralLedger Comply records transaction details and VAT classifications for practitioner review; source documents should be retained separately.
What the DIR Looks for in an Audit
The Department of Inland Revenue (DIR) scrutinises every element of your VAT position. CoralLedger Comply keeps transaction histories, rate classifications, filed returns, and records it creates. Retain source documents such as purchase invoices separately.
Complete Transaction History
Every sale, purchase, and adjustment with VAT amounts - searchable, filterable, and timestamped.
Rate Classification Records
Evidence for how each product or service was classified as Standard, Reduced, Zero-Rated, or Exempt, with the supporting rationale.
Input Tax Apportionment Coming Soon
Input Tax apportionment for mixed supplies is coming soon. Review recoverability with your practitioner.
Filed Return Copies
Prepared returns and their supporting workings, with the underlying transaction data available for practitioner review.
Source Documents to Retain
Keep purchase invoices, tax invoices issued, credit notes, and other supporting documents with your business records.
Platform Record History
Review records kept in CoralLedger Comply alongside the supporting source documents retained by your business.
Traceable Audit History. Hash-Chained. Verification Under Final Review.
The platform uses a hash-chain design for its audit history. Production verification remains under final review; no completed independent verification is represented here.
Hash-Chained Audit History
Review transaction and return records shown in CoralLedger Comply; retain supporting source documents separately with your business records.
Records for Practitioner Review
Review the transaction and return records held in CoralLedger Comply. Retain required source documents separately with your business records.
Available Records
Export available platform records for practitioner review.
Records for Practitioner Review
CoralLedger Comply keeps transaction and return records for practitioner review. Businesses should retain supporting source documents separately.
Recorded Activity
Review recorded transaction classifications and return activity with your practitioner. Input Tax apportionment is not yet available in the platform.
End-to-End Transaction Linkage
A return line is designed to trace to its source transactions, with gaps surfaced for practitioner review. Supporting source documents should be retained separately.
Transaction Review
Review transaction information and VAT records with your practitioner. This page does not present an automated compliance score or decide whether a business has a tax risk.
Multi-Client Audit Readiness
Accounting firms can review each client's filing status from one dashboard and export available platform records for practitioner review.
VAT Records for Practitioner Review
Prepare VAT returns for practitioner review with records that remain traceable in CoralLedger Comply.