VAT Number - What Is A VAT Quantity

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Whenever you register for VAT, you’ll be assigned a VAT quantity. Once you’ve accomplished the VAT registration course of, you’ll be sent a VAT registration certificate that confirms your VAT number, the date of your first VAT Return, and your ‘effective date of registration’ (which is either the date your VAT taxable turnover crossed the VAT threshold or the date you requested to register voluntarily).

As using an incorrect VAT quantity generally is a time-consuming and costly error, it’s worth taking the time to validate it before submitting your documents. The VIES webpage is available in handy as soon as extra for this. Merely enter the VAT number you could have and the corresponding company can be displayed confirming when you've got the correct data.

Sure. A VAT registered person could subject separate invoices/ receipts for the taxable, exempt, and zero-rated component of its sales offered that if the gross sales is exempt from worth-added tax, the term "VAT-EXEMPT SALE" shall be written or printed prominently on the invoice or receipt and if the sale is subject to zero percent (0%) VAT, the time period "ZERO-RATED SALE" shall be written or printed prominently on the invoice or receipt.

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