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value added tax |
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During this period, a customer's domestic VAT registration number in an Acceding Country should be accepted as sufficient evidence of taxable status to support zero-rating of intra-EU trade, provided that the supplier has taken reasonable steps to confirm that the customer is in business and likely to be VAT registered (e. VAT registered businesses in the supply chain are eligible to claim refunds for VAT taxes paid during the sale cycle. The organization urged the adoption of a transitional period until December 31, during which a customer's domestic VAT registration number in an acceding country will be accepted as sufficient evidence of taxable status to support zero-rating of intra-EU trade, provided the supplier has reasonably confirmed that the customer is in business and likely to be VAT registered. |
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