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From 1 January 2020, the valid VAT number of the customer is a material requirement to be able to apply the zero VAT rate for intra-Community supplies of goods in the EU. If the customer’s VAT number is not valid, 0% VAT rate cannot be applied. Companies must make sure that the VAT numbers of their customers are checked. [4]
A negative VIES validation result does not necessarily mean, however, that the VAT number of the purchaser is invalid. For example, the Polish law stipulates that an EU VAT number (registered in VIES) must only be obtained by the Polish VAT taxpayers performing intra-community acquisition of goods worth PLN 50′000 or more in a year.
When making a customs declaration, the customs authorities check the IOSS VAT identification number of the package against the database of IOSS VAT identification numbers. If the IOSS number is valid and the real value of the shipment does not exceed 150 euros, customs authorities do not require immediate payment of VAT on low-value goods ...
Anyone who collects VAT becomes a VAT Trustee if they: register and collect a Business Identification Number (BIN) from the NBR; submit VAT returns on time; offer VAT receipts; store all cash-memos; and use the VAT rebate system responsibly. VAT Mentors work in the VAT or Customs department and deal with trustees. The VAT rate is a flat 15%.
The EU VAT area is a territory consisting of all member states of the European Union and certain other countries which follow the European Union's (EU) rules on VAT. [59] [60] The principle is also valid for some special taxes on products like alcohol and tobacco. All EU member states are part of the VAT area.
Any business or individual established in the EU (an economic operator) needs to obtain an EORI number from their national customs authority before commencing customs activities in the EU. [1] An economic operator established outside the EU needs to be assigned an EORI number if it intends to lodge a customs declaration, an Entry or an Exit ...
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