Add VAT and EORI number

Value Added Tax (VAT) numbers are essential for businesses engaged in trading goods and services across different countries, particularly in the European Union. It allows businesses to charge or reclaim VAT on sales and purchases. On the other hand, The Economic Operators Registration and Identification (EORI) number is necessary for businesses involved in customs activities within the EU. It is used to identify traders in customs systems.

Understanding VAT and EORI numbers

VAT Number

Value Added Tax (VAT) numbers are essential for businesses engaged in trading goods and services across different countries, particularly in the European Union. It allows businesses to charge or reclaim VAT on sales and purchases.

EORI Number

Economic Operators Registration and Identification (EORI) number is necessary for businesses involved in customs activities within the EU. It is used to identify traders in customs systems.

Benefits

VAT Number:

Ensures proper tax handling during cross-border transactions
Enables VAT compliance with local and international regulations
Facilitates proper documentation and record-keeping

EORI Number:

Expedites customs clearance processes
Reduces risk of delays or complications at borders
Ensures smooth movement of goods across EU boundaries

How to add VAT and EORI Numbers

To add the VAT and EORI numbers in SAPIENT, perform the steps as explained in the following procedure.

1. Access VAT and EORI settings

2. Access option to add VAT and EORI Number

3. Select shipping account

4. Enter VAT/EORI details

5. Save the configuration