Do you want to know the reasons to use the VAT number check API in 2023? If so, keep reading to find out!
EU member states collect about EUR 1.2 trillion in VAT annually; this is equivalent to 12% of EU GDP and 55% of overall EU revenue. The value-added tax is a consumption tax that businesses pay on goods and services they buy or use in their business. Therefore, consumers end up paying it indirectly when they buy goods or services.
In 2023, businesses must collect and submit VAT on all taxable sales, whether they are located in the country of origin or abroad. This means that the VAT number check is one of the most important things for businesses; if they want to sell products or services to other countries outside their own.
Therefore, if you are a business owner; or are planning to start one; you should use a VAT number check API to make sure that your business has all the necessary documents as well as all the information needed to apply for a VAT number.
Reasons To Use A VAT Number Check API
By using a VAT number check API, you can ensure that your business has all the necessary documentation and information to apply for a VAT number; as well as make sure that your company is compliant with all tax laws.
In addition, an API can help you obtain information about a company’s tax number; such as its validity; location; and more. This will help you keep track of your competitors and make sure that your business has everything in order.
Uses Cases
Now that you know why you should use a VAT number check API, we recommend using VAT Validation API from Zyla API Hub. This tool is among the most effective APIs available today for quickly determining whether or not a company has a valid VAT number. It also provides additional information about its location; so you can learn more about your competitors.
With VAT Validation API at your disposal, you will be able to detect and prevent paying false VAT numbers. You will also be able to ensure that your company is paying all applicable taxes. Most significantly, by utilizing this API, you will be able to save both time and money!
How To Use VAT Validation API
First of all, register by creating an account at Zyla API Hub.
After this, an API key will be provided to you, which will enable you to make API calls.
Second, include your bearer token in the Authorization header in order to authenticate your API key.
Finally, use the endpoint “VALIDATE” and add the URL of the company for which you want to know more information.
And that’s it! Wait a few seconds for the API to respond and see what it finds!
If you pick “VALIDATE” as the endpoint type, you will be able to examine the following responses:
{
"valid": true,
"countryCode": "GB",
"vatNumber": "947785557",
"companyName": "BLUECLIFFE SERVICES LTD",
"companyAddress": "58-60 COLNEY ROAD",
"companyCity": "DARTFORD",
"companyPostCode": "DA1 1UH"
}That’s all there is to it! In just a few seconds, you’ll have all the information you need about any VAT number! Isn’t this incredible? Give it a shot right now and see how it goes!