Taxmarc™ can automatically check the VAT numbers when a VAT number is added to the customer master data. A real time link to VIES is made to validate the entered VAT number. The client can choose to treat the result of the VIES validation as:
An “error”: it is not possible to enter invalid VAT numbers in the customer master data or
A “warning”: invalid VAT numbers can be entered but are reported separately: check with the customer and/or correct. VAT numbers can expire or change due to changes in the legal structure of customers.
It is therefore important to periodically check the validity of the VAT numbers. In Taxmarc™ it is also possible to periodically carry out these controls as detective controls within the Tax Control Framework. This can be done in a fully automated process.
No part of this website may be reproduced, transmitted or otherwise distributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission.
The content is provided solely for the purpose of enhancing knowledge on tax matters. It does not provide tax advice to any taxpayer because it does not take into account any specific taxpayer’s facts and circumstances.