If you are a vat registered trader in the United Kingdom or perhaps some other member EU country which 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 fairly 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 is followed in several countries around the world including most eu countries. If you are a trader in the UK that is importing services or goods from other eu countries where vat has already been paid in the nation of origin you’ll be able to vat check make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods 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 may be a possibility that an unregistered vat trader might attempt 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 might not be able to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is actually thus vitally 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 allows 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 go to 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 may now have 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 the particular date and time. In the event the registration number isn’t valid you’ll be able to tell your supplier since there may be many reasons for this kind of 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 that will suffer if you fail to 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 a foreign 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 definitely save your valuable business a lot of money and pain in case the supplied vat number turns out to be incorrect.