If you are a vat registered trader in the UK or even in any other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import goods or services to your country. It is really fairly simple to conduct a vat number check vatcontrol.com/vat over the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing products or services that is followed in several countries around the world including most eu countries. If you are a trader in the UK that may be importing goods or services from other eu countries where vat was already paid in the nation of origin then you can apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you purchase your goods from a vat registered trader or exporter overseas so that the chain of vat continues when the services or goods 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. When this happens, you might not be able 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 usually 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 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 follow the link provided at the website. All you have to do is always to choose the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own vat number. You will now need to click on verify, upon which the verification software will inform you if your vat number is valid.
If possible, you should try to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number is not valid then you can inform your supplier since there may be a lot of reasons for such a response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget 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 very important if you plan to purchase goods or services from vat registered traders in another 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 a lot of money and pain in case the supplied vat number turns out to be incorrect.