When a company within EU sell to a customer who does not have a valid VAT registration, the transactions cannot use intracommunity VAT calculation. Domestic VAT must be calculated instead.
In principle a company must validate that the VAT registration is valid every time the company sell to an EU customer to avoid calculating domestic VAT.
Since this is a manual procedure, this is often not done. Instead we need this to be automated,
The European Commission have create a website where it is possible manually to validate if a VAT registration is valid or not.
Wen site is called "VIES VAT number validation"
Idea: a functionality in D365FO that can be set up to on a daily basis to make that check for all VAT registrations in the Tax exempt number table.
Comments
would be great to have such function. Only cumberstone can be the website, which can lock you after to many promts a day.
Category: Tax