Business, finance and payments
VAT ID
Abbreviation for value added tax identification number
In short and in plain language
A VAT ID is a number for value added tax.
Firms in the European Union get one. It helps to tell them apart.
It is not the same as the normal tax number from the tax office.
Definition
A VAT ID is a separate identification number for businesses in the European Union for value added tax purposes. It differs from the ordinary tax number issued by the tax office. Depending on the case, invoices show either the tax number or the VAT ID of the supplier.