If you are a vat registered trader in the UK or perhaps some other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import services or goods into your country. It is actually fairly simple to conduct a vat number check on the internet before you spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that’s followed in several countries across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing goods or services from other eu countries where checkvatnumber vat was already paid in the country of origin you’ll be able to apply for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply purchase your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues when the goods or services 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 whilst providing you with a fake or expired vat number on the vat invoice. In such a case, you might not be able to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that typically takes a short time whenever you log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if the supplier has indeed given you an authentic vat number.
All that you should do is log on to the EUROPA website ec.europa.eu directly or go to the hmrc vat department website and follow the link provided at the website. All you have to do is to pick the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will now have to click on verify, upon which the verification software will inform you if the vat number is valid.
Whenever possible, you need 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 then you can inform your supplier since there may be a lot of reasons for such a response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it is your business which will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to purchase services or goods from vat registered traders in a foreign country that also adheres to the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your business a lot of money and pain should the supplied vat number turns out to be incorrect.