A sales tax code (e.g. VAT number in Germany, UID in Austria) is a unique identifier for companies that participate in the VAT-related movement of goods or services within the EU.
Purpose:
- Identification: Serves to clearly recognise companies in all EU member states.
- Processing: Essential for VAT transactions such as billsadvance declarations and customs formalities.
- Control: Enables tax authorities to monitor transactions and combat tax fraud.
Mandatory:
All companies that supply or purchase goods or services in the EU require a VAT registration number, including those under the small business regulation.
Structure:
The licence plates consist of a country code (e.g. "DE" for Germany) and a number combination.
Application:
The VAT registration number is applied for from the relevant tax authority. The exact procedures vary from country to country.
Significance:
- Accounting: No correct invoices without a valid licence plate.
- Input tax deduction: Only possible with a valid licence plate.
- Customs formalities: Essential for cross-border deliveries.
- Tax advantages: Companies without a licence plate are excluded from VAT concessions.
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we will show you in a practical way how to automate your accounting in SAP Business One – on the 23rd...
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
The e-invoice has moved beyond the theoretical IT project phase. Since January 2025, the obligation to receive e-invoices applies to all domestic companies — ...
Netting in SAP Business One: What makes the Versino Financial Suite different
When a business partner is both a customer and a supplier, that sounds like a comfortable situation. You know each other, you trust...
Trial Balance in SAP Business One: What the Versino Financial Suite does differently – and why tax advisors notice
The Trial Balance is one of the oldest reports in accounting. Every accounting program has it, and SAP Business One itself...
Versino Financial Suite Version 05.2026: What's Changed
Version 05.2026 of the Versino Financial Suite brings two innovations that directly target time loss and system limitations in daily...
E-Invoicing 2026: From Receipt to Mandatory Issuance — what SMEs must clarify now
From 1 January 2025, every B2B company in Germany must be able to receive electronic invoices — regardless of turnover. One and a half years...
Links