Definition: VAT Information Exchange System (VIES)

Category: External trade

The VAT Information Exchange System (VIES) enables:

a. businesses rapidly to obtain confirmation of the VAT numbers of their intra-EU trading partners; and
b. Tax administrations to monitor and control the flow of intra-EU trade to detect all kinds of irregularity. http://ec.europa.eu/eurostat/product?code=KS-GQ-15-008&mode=view