If you’re a vat registered trader in the United Kingdom or perhaps some 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 services or goods to your country. It is actually quite simple to conduct a vat number check over the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that is followed in several countries around the world including most eu countries. If you’re a trader in the UK that is importing services or goods from other eu countries where http://checkvatnumber.com vat was already paid in the country of origin then you can make application for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you buy your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues as soon as the goods or services are imported into 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 providing you with a fake or expired vat number on the vat invoice. When this happens, you may not have the ability to reclaim any vat on that transaction, which inturn will raise your 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 log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your supplier has indeed provided you with 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 check the page provided at the website. All you have to do is to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own vat number. You will now have to click on verify, upon which the verification software will inform you if your vat number is valid.
Whenever possible, you need 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 tell your supplier since there could be many reasons for such a response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember 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 very important if you are planning to purchase goods or services from vat registered traders in a foreign country that also 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 valuable business a lot of money and pain in case the supplied vat number ends up being incorrect.