VAT Number - What s A VAT Quantity

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

As utilizing an incorrect VAT number could be a time-consuming and dear error, it’s price taking the time to validate it earlier than submitting your documents. The VIES web site is available in handy once extra for this. Merely enter the VAT number you've gotten and the corresponding company will likely be displayed confirming you probably have the best information.

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

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