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FINANCIAL & ACCOUNTING · TERM 63 OF 67

VAT

Value-Added Tax

All terms
SCROLL FOR THE DEFINITIONTRUSTEDTRUCKSN 52.52° / E 13.40°
01DefinitionEuropean Union / Statutory Tax Authorities

A consumption tax assessed on the value added to goods and services across each stage of production and distribution.

01 / CANONICAL DEFINITION

What it means.

Value-Added Tax (VAT) is a multi-stage tax applied to commercial transactions throughout the supply chain. In cross-border B2B transport within the EU, the reverse-charge mechanism typically shifts liability to the buyer.

02 / ROLE IN TRUSTEDTRUCKS

Where it is used.

Determines statutory invoicing tax rates, reverse-charge indicators, and cross-border billing parameters across freight orders and platform fee schedules.

03 / TECHNICAL SPECIFICATION

Reverse-charge rule applied when buyer and seller operate in different EU member states with mutually validated VIES numbers.

04 / WHAT IT MUST NOT IMPLY

Read it carefully.

TrustedTrucks generates compliant invoice data; each corporate user remains legally liable for their own tax filings.

05 / RELATED SPECIFICATIONS
  • TT-FRD-TTC-001-AMD-FIN-001
02Related3 CONNECTED TERMS
  1. 01VIESVAT Information Exchange SystemThe official European Union electronic database validating the registration and VAT status of economic operators.Governance & Legal
  2. 02HGBHandelsgesetzbuch (German Commercial Code / German GAAP)The statutory accounting framework governing German legal entities, prioritizing creditor protection and strict prudence.Financial & Accounting
  3. 03FICOFinancial Accounting (FI) & Controlling (CO)The corporate accounting subsystem managing statutory financial statements and internal managerial cost accounting.Financial & Accounting