When the client registers an address and inserts their VAT number, the module is responsible for checking and validating the number through official APIs, allowing tax exemption depending on the country of registration and whether their VAT number is valid or no.
The module is designed to manage and administer intra-community operations by granting VAT exemption to clients who register with a valid VAT number and belong to the European Union, and manages the collection of taxes according to the Brexit regulation (United Kingdom) and VOEC (Norway).
VAT number validations are carried out through the APIs of the different official bodies (VIES, GOV. UK...)
In addition, it has many configuration options and a scanning system to check the VAT numbers of customers who are already registered in the database and to check that they still maintain the valid VAT number.
With this module it is also possible to manage the collection of taxes for each particular client, forcing the collection or exemption of taxes, depending on the option chosen.
As a tax interest, the module generates tax-free purchase invoices for all customers with valid VAT numbers within the European Union or who comply with tax exemption according to Brexit or VOEC regulations.
It is also provided with an option to prohibit the placing of orders whose amount is greater or less than 135 Pounds in the case of operations within the framework of Brexit. And in the case of purchases regulated by the VOEC, it will be possible to make combined purchases of products that fall within the VOEC and others that do not, or as an option, prohibit the purchase of products that are outside the VOEC regulation.
Another of the most important features of this module is that it has a special section to manage orders that are regulated as intra-community operations, Brexit or VOEC. You will be able to consult statistical data on total sales amounts and quantities reached within the annual thresholds stipulated by legislation to be able to manage the tax return (€10,000 per year in intra-community operations with consumers and NOK 50,000 per year in VOEC operations)
In addition, the module has a very important functionality and is the option to check the company name and address inserted by the client, comparing them with the company data that is registered in the official system in relation to the VAT number issued. If the company name or address is not correct, it does not allow the registration of that address. Additionally, there is an option for the system itself to complete the company field with the real name registered in the official systems, and in this way it is ensured that the company field has the correct data.