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 goods or services into your country. It is really quite simple to conduct a vat number check over the internet before you decide to part with your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that is followed in several 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 www.checkvatnumber.com vat was already 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 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 as soon as the goods or services are imported to the UK.
However, there just might be a possibility that an unregistered vat trader might try 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. When this happens, you might 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 actually 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 provided you with a genuine 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 check the page provided at the site. All you have to do is 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 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 is not valid you’ll be able to tell your supplier since there could be a lot of reasons for this kind of response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it’s your business that will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is very important if you plan to buy services or goods from vat registered traders in another country which adheres to the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain in case the supplied vat number ends up being incorrect.