If you’re a vat registered trader in the UK or even in some other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import services or goods to your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat over the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing products or services that’s followed in several countries around the world including most eu countries. If you are a trader in the UK that is importing services or goods from other eu countries where vat has already been paid in the nation of origin then you can apply for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues as soon as the services or goods are imported into the UK.
However, there may be a possibility that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. When this happens, you may not be able to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that usually takes only a few minutes whenever you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed provided you with a genuine vat number.
All you need to do is log on to the EUROPA website ec.europa.eu directly or visit the hmrc vat department website and check the page provided at the site. All you have to do is to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own vat number. You may now need to click on verify, upon which the verification software will inform you if the vat number is valid.
Whenever possible, you should try to print the validation screen as proof of having conducted the check at the particular date and time. In the event the registration number is not valid you’ll be able to tell your supplier since there may be many reasons for such a response, including an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it’s your business which will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in another country which follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain should the supplied vat number ends up being incorrect.