VendorVATRegNo
The Vendor VAT Registration Number and Bill-to VAT Registration Number are available to satisfy a European legal/fiscal compliance ruling. This law states that if value added tax is charged, the vendor must state their VAT registration number as well as the VAT registration number of the bill-to party on the invoice.
Kofax AP Agility is able to carry out this compliance check automatically if VAT compliance checking is activated in the Tax Settings tabs.
If activated, the system looks for the appropriate VAT registration numbers on the document, and any values found are extracted into their corresponding fields. A valid vendor and company code must be present for this to occur.
If one or both VAT registration numbers cannot be found, tax is being charged, and both the vendor and company code are in EU member states, the document is sent to the Validation activity so that the missing data is entered manually. For the data to be accepted, both sets of VAT registration numbers must have the same ISO-code country prefix.
The bill-to company VAT registration number must be available through the company code validation in the Company Code.
The VAT registration number compliance check can be switched on or off on a company code by company code basis. It is also possible to configure the system to require the vendor VAT registration number only. VAT registration number checking is also supported for cross-border EU transactions where the VAT is zero-rated.