Do you like cookies? 🍪 We use cookies, just to track visits to our website, we store no personal details. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.
How to find the VAT number of a counterparty or customer ?
How can you, as a company or obliged entity, search for the VAT number of a counterparty or customer?
Whether you are a company that has to check whether your counterparty is subject to VAT or as an entity subject to the AML Act, you have to verify if your customer has a VAT status.
Searching for the VAT number can be used in operational processes such as:
1
Claims for which insurance companies must pay and know the amount of VAT that the insured can withdraw.
2
When you use this check in your CDD/KYC process because you know that you can request monthly or semi-annual VAT returns.
3
When the fund manager wonders whether the portfolio holder/entrepreneur can recover VAT and should not charge it?
VIES on-web is an online system for verifying the VAT numbers of companies and other organisations registered in the European Union for the supply of goods or services across national borders.
In case of problems, you can always contact the national VAT authorities of each country.
Tip !
Save the control with timestamp in pdf in your files.
How do criminals launder their dirty money? Discover coin mixing, the differences between the dark web and the deep web, and what's sold on darknet markets.
Conduct Risk, the hot topic of the past years. From principles to outcomes, discover how to articulate your business risk appetite by defining your gains appropriateness
Is the UBO Register useful during KYC processes? How to use UBO Register in identification and verification processes ? Obligation to verify the information ? Why is it important to identify a Beneficial Owner ? All thes...
What is a VAT carousel? What to do after the fact? What is the retrospective on transactions? What if you are "unconsciously" involved in a VAT carousel? All his answers and many others can be found in the articl...
