If you are a vat registered trader in the UK 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 intend to import services or goods into your country. It is actually quite 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 goods and services that’s followed in several countries around the world including most eu countries. If you’re a trader in the UK that may be importing goods or services from other eu countries where vat has already been paid in the nation of origin you’ll be able to make application for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply purchase 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 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 offering you a fake or expired vat number on the vat invoice. In such a case, you may not www.vatcheck.com 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 vitally important to conduct a vat check that usually takes a short time whenever you get on 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 you need to 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 site. All you need to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own 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 your vat number is valid.
If possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number isn’t valid then you can inform your supplier since there may be many reasons for this kind of response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on the 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.
Performing a vat registration number check is extremely important if you are planning to purchase services or goods from vat registered traders in a foreign country that also follow 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 lots of money and pain should the supplied vat number ends up being incorrect.