FinDock & EU VAT
A brief explanation of EU VAT rules and how they affect your FinDock order. This is not legal or tax advise, please consult a professional tax advisor for advise on your specific situation.
What is VAT?
VAT is the abbreviation of Value Added Tax. VAT is in general due when goods and/or services are sold. It applies to most goods and services that are bought and sold for use or consumption in the European Union. It is a consumption tax because it is ultimately borne by the final consumer.
Who has to pay VAT?
Generally, VAT is invoiced by the supplier that is selling goods or services and collected from the customer. Subsequently, the supplier reports and remits the collected VAT to the tax authorities.
If you are a business customer, you should provide your VAT Identification Number to FinDock. If the VAT number is valid then no VAT will be charged on the supplies made to you by FinDock. If you do not have a VAT number then VAT will be charged on the supplies made to you by FinDock.
Please note that the VAT number you provide must be registered on the VIES database to be considered valid. FinDock will use the VIES database (an official database for checking the validity of VAT numbers issued by the EU Member States) to validate the supplied VAT numbers. In some EU Member States inclusion of a VAT number on the VIES database is not automatic. As such, you may need to apply to your relevant tax authority for your VAT number to be included in the VIES database.
Where does EU VAT apply?
EU VAT applies to the EU Member States. The countries that are currently Member States of the European Union are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
Please note other European countries that are not Member States of the EU may have their own VAT system. Please refer to the tax authority of your country for further information.
Are Norway, Switzerland, or the UK included in the EU?
Norway, Switzerland and the UK are not EU Member States.
What is a VAT ID number?
A VAT identification number, or VAT registration number, is a unique number that identifies that a business is registered for VAT. FinDock will not charge VAT to customers that have a valid VAT number (as shown on the VIES database).
Does FinDock have a VAT ID number?
FinDock is VAT registered in the Netherlands. The VAT number is NL854123349B01