If you’re a vat registered trader in the United Kingdom or even in any other member EU country that has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services into your country. It is actually fairly simple to conduct a vat number check over the internet before you decide to 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 are a trader in the United Kingdom that is importing goods or services from other eu countries where vat was already paid in the country of origin then you can apply for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply buy your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues as soon as 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 even while providing you with a fake or expired vat number on the vat invoice. In such a case, you may not vatcheck.com be able to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is 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 allows 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 check the page provided at the website. All you need 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 personal vat number. You will now need 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 tell your supplier since there may be a lot of reasons for this kind of response, including an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it is your business which will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is extremely important if you plan to buy services or goods from vat registered traders in another country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will definitely save your business a lot of money and pain should the supplied vat number ends up being incorrect.