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VIES VAT Information Exchange System

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edited Dec 11, 2019 11:28AM in Tax & Global 1 comment

Summary

How to address vendor/customer compliance with VAT Information Exchange System ?

Content

The European Commission issued  new rules called VAT quick fixes and applicable beginning 2020.

This rules concern the following four changes:

1) Simplified treatment for call-off stock

2) Uniform rules to simplify chain transactions

3) Mandatory VAT identification number to apply the zero VAT rate

4) Simplified proof of intra-Community supplies

 

Did anybody implement this requirement and especially point 3 which consist in controlling vendor or customer VAT number against public database VIES (VAT Information Exchange System) ?

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