VAT Number

[Former Member]

Hi,

What is VAT Registration Number ?

Thanks in Advance.

[Former Member · Accepted solution]

Hi Padmam,

As part of the process of establishing the European Single Market, the tax authorities in each EU member state assign VAT registration numbers to companies. All companies that are entitled to deduct input tax can receive a VAT registration number.

A VAT registration number is alphanumeric and consists of up to 15 characters. The first two letters indicate the respective member state, for example DE for Germany or ES for Spain.

The VAT registration number is designed to specify the tax processing involved in certain transactions and to allow the financial authorities to monitor the application of the new regulation.

For this reason, the VAT registration number of the company code and that of the customer must be specified on invoices for tax-exempt deliveries and other goods and services within the European Union. The VAT registration number is thus part of the control procedure that has replaced the former border controls (EC sales list).

You can define VAT registration numbers in the system for every customer, company code, and vendor. The VAT registration numbers in the vendor master record are currently only used in Spain for information purposes.

Thanks.

Reward If Helpful.

[Former Member · Accepted solution]

Hi Viji,

If you are expecting rewards then please do not just cut and paste the previous solution from the same place as the one previously posted by an expert.

Steve B

[Former Member · Accepted solution]

Hi Viji

Request to always check the answers provided by other people before posting yours to avoid dupliction.as we also understand that few answers are better explained on help.sap.com(for genralise quries)

regards

Yogesh

[Former Member · Accepted solution]

Hi Stephen,

I didnt see the previous solution ,without checking that i had posted it.

Anyway, thanks for ur advice.

Thanks

[Former Member · Accepted solution]

Hi Viji,

No problem,

please do keep contributing to the forum as you are doing, but do read the whole thread before posting it will save your time as well as others.

Steve B

[Former Member]

Hi

VAT is value added tax.as part of the process of establishing the European Single Market, the tax authorities in each EU member state assign VAT registration numbers to companies. All companies that are entitled to deduct input tax can receive a VAT registration number.

A VAT registration number is alphanumeric and consists of up to 15 characters. The first two letters indicate the respective member state, for example DE for Germany or ES for Spain.

The VAT registration number is designed to specify the tax processing involved in certain transactions and to allow the financial authorities to monitor the application of the new regulation.

For this reason, the VAT registration number of the company code and that of the customer must be specified on invoices for tax-exempt deliveries and other goods and services within the European Union. The VAT registration number is thus part of the control procedure that has replaced the former border controls (EC sales list).

You can define VAT registration numbers in the system for every customer, company code, and vendor. The VAT registration numbers in the vendor master record are currently only used in Spain for information purposes.

regards

Yogesh

[Former Member]

Hi,

It is the code number (Stored on the vendor master record) given to a business to use when they are trading in the UK and the rest of Europe. The VAT tax is a purchase and sales tax that is applied to sales and purchase orders.

Steve B