If you are a vat registered trader in the UK or perhaps 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 plan to import services or goods to your country. It is actually quite simple to conduct a vat number check vatcontrol.com/vat over the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that’s followed in several countries across the globe including most eu countries. If you’re a trader in the United Kingdom that is importing goods or services from other eu countries where vat has already been paid in the nation of origin you’ll be able to apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply purchase your goods 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 may be a possibility that an unregistered vat trader might try to dupe you of your savings by charging you vat whilst offering you a fake or expired vat number on the vat invoice. In such a case, you might not have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that usually takes only a few minutes whenever you get on the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if the supplier has indeed provided you with 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 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 enter your own personal vat number. You will 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 evidence of having conducted the check at the particular date and time. If the registration number is not valid then you can inform your supplier since there could be many reasons for such a response, including 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’s your business which will suffer if you don’t 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 follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your business a lot of money and pain in case the supplied vat number ends up being incorrect.