The VAT No an identification number which is given to a business that applies to be VAT registered. The VAT No varies from one country to another in terms of its format and the length. However, it always starts with the prefix of the country which assigns it, and is then followed by a series of numbers, and sometimes characters. Whenever a business supplies goods or services which are VAT taxable, it needs to be VAT registered, and thus it will have its VAT No. This also applies whenever there is a business that acquires goods or a service from another country. One of the main misconceptions about the VAT No that is assigned is that one number will suffice to engage in trading with any country. However this is not the case as if your business imports goods from three countries, and exports to another four countries, then it needs to apply for a VAT No from each one of those seven countries. So, each EU country will issue a national VAT No to a firm. Applying for a VAT No is a process which varies from one country to another too, and considering all of these variances it is best to have a fiscal representative in each of the countries where you intend to be VAT registered. Having such a professional will simplify the process since he or she will know all about what it takes to register for VAT in a particular country, and how to get your VAT number. Start availing of the services of a fiscal representative to make sure that you are complying with all the tax rules in the countries you deal with.
VAT number requests?
Do you represent an American or European company and have any kind of request related to a VAT number in EU? Fill out the form at 'Information Request'. Within 8 working hours you get response from VACUE.
What it is
The purpose of the VAT No is for the tax authorities to keep track of the VAT tax that is paid by a business, as well as VAT tax credits.
It is always a good idea to be VAT registered and to have a VAT no despite the fact that strictly speaking you would need to exceed the minimum VAT threshold of that particular country in terms of the total turnover of your business to be liable to pay VAT. However if your business is not based in a European country you would need to be VAT registered anyway to be allowed to engage in business activities with any EU member state.
Having a VAT no gives you some protection against being fined or penalized in case your total business taxable turnover exceeds the threshold imposed by that country. It is also worth noting that when you have a VAT no it means that your business is VAT certified. This gives your business more credibility.
Having a fiscal representative taking care of the VAT registration process and getting your VAT no, is a good idea as he/she will know what it takes to go through these procedures. In case you may claim taxes on goods or services purchased for business purposes, the fiscal representative will need your VAT No to proceed. Thus with a VAT no you can have the peace of mind that everything is in order, and there may be cases where you get to save money too. A fiscal representative will be able to tackle all of the matters relating to VAT on your behalf, and getting your VAT No is basically one of the starting points to enable your form to do business with other countries.
How does it work?
The process is really simple and quick.
- Contact VACUE online by filling in the form on the website 'Information Request'. Explain what you are enquiring about, that is, if it is about VAT No issues.
- Upon receiving your request we will then get in touch with our specialists, depending on what you explained in your request. There are several specialists who will be able to suit your specific needs.
- These specialists will subsequently contact you, either by calling you or by sending an email. It is VACUE's priority to ensure that communication is as prompt as possible, and so we guarantee that you will receive a reply from the tax or customs specialists within just 8 hours.
- Within 8 hours the specialist will update VACUE with the status of your request so that we will be informed of what is going to happen with regards to the service required, and be in a better position to manage it all for your utmost satisfaction.