Do you want to get a VAT number validation API for e-commerce? In this post, we’ll suggest one that you can try.
The new VAT rules for online purchases were developed as part of efforts to create a more level playing field for all businesses, simplify cross-border e-commerce, and increase transparency for online buyers. the EU in terms of pricing and consumer choice
The EU VAT system was last updated in 1993, and it has failed to keep up with the rise of cross-border e-commerce, which has transformed the retail sector in recent years. The coronavirus pandemic has also accelerated the rise of online retailing, emphasizing the need for reform to ensure that VAT due on online sales is paid to the consumer’s country. The new rules also address the need to make life easier for both shoppers and merchants.
Current EU VAT rules were last updated in 1993, well before the digital age, and are no longer appropriate for the needs of businesses, consumers, and governments in an era of cross-border internet shopping.
While the new rules represent a significant shift in how EU online businesses handle VAT, they will provide incalculable benefits in terms of ease of doing business, fraud reduction, and improved consumer experience for EU online shoppers.
Since 2015, a similar “Mini One Stop Shop” for VAT has been successfully operating for cross-border sales of e-services. Its expansion to include online sales of goods will provide even more benefits to EU online retailers and consumers. In other countries, such as Norway, Australia, and New Zealand, similar reforms have been implemented and are working well.
Use An API
In recent years, many rules have changed regarding taxes on internet purchases since it is something that has been superterritorialized throughout the European Union, as we have seen.
For this reason, many companies also want to evade their taxes by falsifying VAT numbers. If you work in a government office, or you are a company and you want to demonstrate the transparency of your business, it will be convenient for you to use a VAT number validation API.
An API is a programming interface that allows you to develop different functionalities. In general, this consists of the transmission of data from one device to another. In this case, you need an API that tells you if this or that VAT number provided by companies is valid or falsified. For this, you should use one of the most requested, VAT Validation APIs.
Why VAT Validation API?
VAT Validation API is one of the most popular for its extensive functionalities. It works throughout the European Union. When the validity of a VAT number is requested, it not only offers the answer to that question but can also provide company data such as its name or the location where it is located.
It allows you to check if a company is fulfilling all its legal tasks, or evading taxes. In addition, the API will give you results in a few seconds so you can optimize the work of an office that checks VAT numbers and you can save more time from this.