If you’re a vat registered trader in the UK or perhaps any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially 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 really 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 may be www.vatnumbers.com 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 will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the goods or services are imported into the UK.
However, there just might be a possibility that an unregistered vat trader might try to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. When this happens, you might 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 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 visit the hmrc vat department website and follow the link provided at the site. All you have to do is to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own 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 need to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number isn’t valid then you can inform your supplier since there may be many reasons for this kind of response, including an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it is your business that will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to buy services or goods from vat registered traders in a foreign country which 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 business a lot of money and pain should the supplied vat number turns out to be incorrect.