If you’re a vat registered trader in the United Kingdom or even in some 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 services or goods into your country. It is really quite simple to conduct a vat number check over the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing products or services that is followed in a number of countries across the globe including most eu countries. If you are a trader in the UK that may be importing services or goods from other eu countries where vat has already been paid in the nation vatcheck.com of origin you’ll be able to 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 buy your goods from a vat registered trader or exporter in another country so that the chain of vat continues when the goods or services are imported to the UK.
However, there may be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. In such a case, you may not 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 usually takes only a few minutes when you get on the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your 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 visit 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 the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may now need 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 is not valid you’ll be able to inform your supplier since there may be a lot of reasons for this kind of response, ranging from an authentic mistake in supplying 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 fail to conduct a vat number check.
Performing a vat registration number check is very important if you plan to purchase goods or services from vat registered traders in another country that also adheres to 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 lots of money and pain in case the supplied vat number turns out to be incorrect.