If you are a vat registered trader in the United Kingdom or perhaps any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you plan to import goods or services to your country. It is really fairly simple to conduct a vat number check on the internet before you part with your hard-earned money.
VAT or value added tax is 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 vatnumbers.com importing goods or services from other eu countries where vat was already paid in the nation of origin you’ll be able to apply for a vat refund. This may allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary 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 goods or services are imported to the UK.
However, there just might be a chance 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 have the ability to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes only a few minutes when you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your supplier has indeed given you a genuine vat number.
All that you should 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 website. All you have to do is to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own vat number. You will now have to click on verify, upon which the verification software will inform you if your vat number is valid.
Whenever 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 then you can tell your supplier since there may be a lot of reasons for such a response, including a genuine mistake in providing you with the vat number to willful wrongdoing on the 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 extremely important if you plan to purchase services or goods from vat registered traders in another country which follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business lots of money and pain should the supplied vat number turns out to be incorrect.