If you are a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly 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 really 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 may be importing goods or services from other eu countries where vat was already paid in the country of origin then you can vatcheck apply for a vat refund. This may permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply buy 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 just might be a possibility that an unregistered vat trader might attempt 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 in turn will raise the costs and deny you your rightful refund. It is actually 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 permits you to conduct a vat registration check and validate if the supplier has indeed provided you with a genuine 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 site. All you have to do is always to pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own vat number. You may now have 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. If the registration number isn’t valid then you can tell your supplier since there may be a lot of reasons for this kind of response, ranging from an authentic 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 that will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you are planning to purchase services or goods from vat registered traders in a foreign country which adheres to the system of vat. The actual 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.