V.I.S. – Verification of VAT Identification Numbers (VAT-ID-No)
- Early warning system for invalid VAT-ID-No. and incorrect resp. incomplete address data
- Quick and comfortable verification of your customer base data with respect to stored VAT-ID-No and address data
- Detailed information about the incorrect part of the address data
- Providing of the correct registration address data
- Clearly structured status column (red, yellow, green)
- V.I.S. is based on Microsoft Excel and requires no software installation
- No login at online portal providers necessary
- Legally secure archiving of the results
- Easy search for results in the archive (e.g. in case of a tax audit)
- Multilingual (German/English)
- Individually adjustable start delay / overnight batch run possible
- On request, we will inform and advise you on this topic personally during a one-hour workshop.
Which companies are particularly affected?
- All companies with deliveries within the EU and from 2010, that render cross-border (EU) services
- Companies with an extensive customer base
- Companies with a constantly changing customer base
Why do companies need a technical solution?
Each entrepreneur is required to verify the correctness of the VAT ID number in compliance with due diligence of a prudent business person. Especially due to the mounting corporate insolvencies, there is a risk of a 19 percent margin loss. In practice, the VAT ID number and the corresponding address data are currently usually entered individually and manually on the website of the Federal Central Tax Office (BZSt). Therfore, address errors oftentimes lead to insufficient query results. Manual amandments of the costumer base lead to an excessive work effort. Tax departments are frequently not able to assess the latent VAT risk.
Instructions on the application of V.I.S.
- V.I.S. is a Microsoft Excel-based tool, making application only possible in conjunction with Microsoft Excel. Consequently, it is not an independent software.
- Access criteria for placing a query with the BZSt, is a valid German VAT ID number