Did you know that EU businesses with a VAT number only pay VAT on purchases within their own country?
If an EU business makes a purchase from a different EU country, the business does not pay VAT on the transaction and instead delays VAT payment to their own tax filing, in their own country.
With CEG Store latest checkout, VAT registered companies based in the EU can now provide their VAT number to remove the VAT from their order. All EU VAT details are checked in real-time prior to the transaction being completed, ensuring that you’re always given an accurate EU VAT number.
Accounting for EU transactions is also made simple. Store owners are given the VAT number once the transaction is complete and EU VAT numbers are now available on all invoices.