If you’re a vat registered trader in the UK or perhaps some other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is actually fairly simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing products or services that’s followed in a number of countries across the globe including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where vat has already been paid in the country vatcheck.com of origin then you can apply for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply purchase your goods from a vat registered trader or exporter overseas so the chain of vat continues as soon as the services or goods are imported into the UK.
However, there just might be a chance that an unregistered vat trader might try to dupe you of your savings by charging you vat whilst 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 log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your supplier has indeed provided you with an authentic vat number.
All you need to 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 always to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will now need to click on verify, upon which the verification software will inform you if your vat number is valid.
If possible, you should try to print the validation screen as evidence of having conducted the check at a 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 this kind of response, ranging from a genuine mistake in providing 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 don’t conduct a vat number check.
Performing a vat registration number check is very important if you plan to buy services or goods from vat registered traders in a foreign country that also follow 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 lots of money and pain in case the supplied vat number ends up being incorrect.