What is vat number?

A Value Added Tax (VAT) number is a unique identifier assigned to businesses that are registered for VAT purposes. This number is used for tax reporting and compliance, as well as for verifying the legitimacy of a business for trading purposes.

VAT numbers are typically assigned by the tax authorities in each country, and businesses are required to display their VAT number on invoices, receipts, and other official documents.

In the European Union, businesses that engage in cross-border transactions are required to have a VAT number in order to comply with VAT regulations. Additionally, having a VAT number allows businesses to reclaim VAT on their purchases and claim VAT exemptions on certain goods and services.

It is important for businesses to ensure that their VAT number is valid and up to date, as incorrect or outdated information can result in penalties and compliance issues.