Overview

ONESOURCE Indirect Tax provides an API (VAT Registration Validation Service) to all ONESOURCE Determination and Compliance customers who can utilize this API to always validate their trading partners. The API can be accessed through the Thomson Reuters API gateway. The API validates the registration numbers against VIES (called HMRC in UK, it’s the XML-RPC interface provided by Germany). The API can be integrated with customer information systems storing customer master data (ex: ERP systems) and can be used for validation in a streamlined way.

The validation should be done by any business or commercial entity registered in EU or UK. All businesses, irrespective of being based out of EU/UK, need to do this if they are registered in EU/UK and trading in the region. Moreover, the companies need to validate their vendors and customers periodically to ensure that their trading partners continue to maintain their standing as taxable individuals.

To ensure the accuracy of the transaction tax liability customers can validate their trading partners at the time of onboarding, before issuing invoices and before filing tax returns.

Key Benefits

The VAT Registration Validation Service provides a set of APIs designed to validate the client's partner's VAT numbers in the European Union region.

VAT Registration Validation Service:

• Verifies the validity of intra-Community VAT numbers by drawing on the databases of the 27 EU countries and Northern Ireland.
• Saves the results in the database for 30 days.
• Provides a set of APIs designed to validate the client's partner's VAT numbers in European Union region.
• Accepts a batch of VAT Registration Numbers and makes the call to the appropriate service, by looking at the registration number of the company that made the validation request.

Geographic Availability

Currently, VAT Registration Validation Service validates only European Union region numbers from the United States of America, Canada, and European Union regions.

See Next:

• Getting Started (Sandbox)
• API Access