The Varelmann VAT ID Check Cloud-API is a robust solution designed to automate the validation of VAT identification numbers directly within SAP systems. This integration ensures compliance with the European Union's VAT regulations, particularly following the 2020 VAT reform, which mandates the verification of VAT IDs for intra-European transactions.
Key Features and Functionality:
- Automated Validation: Seamlessly integrates with SAP ECC and S/4HANA to automatically verify VAT IDs against the databases of the Federal Central Tax Office and the European Commission's VAT Information Exchange System .
- Comprehensive Data Matching: Performs qualified checks that include validation of the company's name, legal form, and address, ensuring thorough compliance.
- Process Integration: Validates VAT IDs during critical business processes such as saving or modifying customer master data, creating deliveries, and processing customer orders.
- Mass Validation Capability: Offers the ability to conduct bulk validations of existing debtor master data through a dedicated report, enhancing efficiency.
- Audit-Proof Documentation: Stores validation results in a traceable manner, providing comprehensive reports for easy access and compliance verification.
Primary Value and User Benefits:
The Varelmann VAT ID Check Cloud-API addresses the critical need for businesses to comply with EU VAT regulations by automating the validation process within SAP environments. By ensuring accurate and timely verification of VAT IDs, it mitigates the risk of non-compliance, which can lead to significant tax liabilities and penalties. The solution streamlines operations, reduces manual workload, and provides audit-proof documentation, thereby enhancing overall efficiency and reliability in handling intra-European transactions.