If you are a vat registered trader in the UK or even in any other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan 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 part with your hard-earned money.
VAT or value added tax is a system of taxing products or services that is followed in several countries across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing services or goods from other eu countries where vat has already been paid in the nation www.vatcheck.com of origin then you can apply for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the services or goods are imported to the UK.
However, there may be a chance that an unregistered vat trader might try to dupe you of your savings by charging you vat even while providing you with a fake or expired vat number on the vat invoice. When this happens, you may not be able 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 when you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed provided you with a genuine vat number.
All that you should 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 country code, and enter your own personal vat number. You will 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 evidence 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 a lot of reasons for this kind of response, including an authentic mistake in supplying 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 are planning to purchase goods or services from vat registered traders in another country that also adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business a lot of money and pain should the supplied vat number ends up being incorrect.