Get ready for the future: save time and money – Automatic validation of VAT identification numbers in Oracle

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Get ready for the future: save time and money – Automatic validation of VAT identification numbers in Oracle

Deloitte has developed the Deloitte Oracle VAT Number Validator, which is an Oracle add-on that automatically validates the VAT identification numbers of your customers.

25 February 2021

Background

In case of intra-Community supplies of goods (i.e. the supply of goods dispatched or transported to another EU Member State), suppliers need to prove the correct application of the 0% EU VAT rate, by providing (amongst others) the VAT identification number of their customers in a different EU Member State than in which the transport begins.

Validating VAT identification numbers however, can be a time-consuming process when done manually and even unrealistic depending on the amount and frequency of numbers to be checked. In addition, validating VAT identification numbers on a large scale outside the Oracle environment is challenging because it may provide less up-to-date proof, can take more time, and results in additional costs and risks (including exposure of confidential data of your customers).

Deloitte Oracle VAT Number Validator

Deloitte has developed the Deloitte Oracle VAT Number Validator (for R12), which is an Oracle add-on that automatically validates the VAT identification numbers of your customers stored in your Oracle master data against the VAT Information Exchange System (VIES portal) or the BZSt portal (Germany only).

The Deloitte VAT Number Validator for Oracle add-on:

  • Enables on-demand and scheduled validation of the VAT identification numbers at master data level;
  • Validates the entity name, address and VAT identification number when data is available in the online portal;
  • Stores the audit trail, including log files and the results of the check safely within Oracle - a push of a button away; and
  • has a short implementation period.

Please note that Deloitte also aims to keep developing the add-on to enable more functionalities and also develop such application for Oracle Cloud

For more information on new VAT rules for EU cross-border supplies of goods (introduced in 2020) we refer to our alert on the Quick Fixes.

Join one of our webinars

We have scheduled live demos of the Deloitte VAT Number Validator for Oracle (R12) on:

Webinars

17.03.2021  CET 11:00 – 12:00
24.03.2021 CET 11:00 – 12:00
31.03.2021 CET 11:00 – 12:00
21.04.2021 CET 11:00 – 12:00
19.05.2021 CET 11:00 – 12:00

If you would like to take part in the demo, please click here: Oracle VAT Number Validator and register to a date of your choice.

For similar SAP tooling visit: SAP VAT Number Validator

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