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How to implement EU VAT requirements in VM2

Started by ginniss, April 17, 2012, 14:31:58 PM

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ginniss

Hi

Current EU tax regulations mean that sales from a company in one EU country to a company in another EU company should not include VAT on the invoice.  To ensure zero rated VAT transactions are valid, the seller is required to record the VAT number of the buyer.  Meaning that if a valid VAT number is not provided, the appropriate VAT must be charged for the sale.

How can this be implemented in VM2? 

HC

Quote from: ginniss on April 17, 2012, 14:31:58 PM
Current EU tax regulations mean that sales from a company in one EU country to a company in another EU company should not include VAT on the invoice.  To ensure zero rated VAT transactions are valid, the seller is required to record the VAT number of the buyer.  Meaning that if a valid VAT number is not provided, the appropriate VAT must be charged for the sale.

How can this be implemented in VM2? 

Nobody have answered this question. When can we expect the EU VAT id check to be implemented?

srajca


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