COSMO VAT ID Validation
VAT ID Validation at the touch of a button
No input tax deduction under the last invoice? And no tax exemtion for intra-Community deliveries because of an incorrect VAT ID number of your contractual partner? Missing or incorrect VAT ID numbers can lead to serious problems in your accounting. Domestic and foreign VAT ID numbers are among the most important components of an invoice (§11 UStG, Art. 11 UStG) and must be checked on an ongoing basis according to current case law. A VAT ID number check only once a year is often not sufficient. The ongoing verification often leads to increased administrative expenses.
With COSMO VAT ID Validation, COSMO CONSULT offers you a module fully integrated in Microsoft Dynamics 365 Business Central (Microsoft Dynamics NAV) that automatically checks your VAT ID numbers. With COSMO VAT ID Validation, you can check individual VAT ID numbers with one mouse click in Microsoft Dynamics 365 Business Central (Microsoft Dynamics NAV) when creating new ones or fully automate existing ones in the batch run.
Factsheet
Simple and efficient with one mouse click
The module supports two levels of information:
• Level 1: simple confirmation procedure
• Level 2: qualified confirmation procedure
COSMO VAT ID Validation is available:
- for Austria as of NAV 2017
- for Germany as of BC16
Prerequisites for the module:
- Technical feasibility in your company
- Access to online services (''Finanz Online'' for AT and ''Bundeszentralamt für Steuern'' for DE)
- Access to the internet
Your advantages with COSMO VAT ID Validation:
- 100 % integration in Microsoft Dynamics 365 Business Central (Microsoft Dynamics NAV)
- Automatic validation via online services
- Reduction of error sources
- Real-time control over your VAT ID numbers
- Logging of queries
- Fast and secure data processing
- Easy verification at the push of a button for new installations
- High flexibility
- Fast training due to intuitive operation
The COSMO VAT ID Validation app for Microsoft Dynamics 365 Business Central has been reviewed by an independent auditor from a compliance perspective and approved for Germany. When used properly, the app enables accounting in accordance with the principles of proper accounting. A software audit certificate can be requested if required.
