If you are a vat registered trader in the United Kingdom or even in some other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import goods or services into your country. It is really fairly 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 really a system of taxing products or services that is followed in a number of 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 was already paid in the nation of origin you’ll be able to apply for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply buy your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues when the services or goods are imported into the UK.
However, there just might be a chance 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 may not vatcheck.com have the ability to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is thus very important to conduct a vat check that usually takes only a few minutes when 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 given you 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 site. All you have to do is to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own vat number. You may now need 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 evidence of having conducted the check at the particular date and time. If the registration number isn’t valid then you can inform your supplier since there may be a lot of reasons for such a response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it’s your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to buy goods or services 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 business a lot of money and pain should the supplied vat number ends up being incorrect.