If you’re a vat registered trader in the United Kingdom or even in 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 plan to import services or goods to your country. It is really fairly simple to conduct a vat number check vatcontrol.com/vat over the internet before you part with your hard-earned money.
VAT or value added tax is really a system of taxing products or services that’s followed in a number of countries around the world including most eu countries. If you are a trader in the United Kingdom that is importing goods or services from other eu countries where vat has already been paid in the country of origin you’ll be able to apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply buy your goods from a vat registered trader or exporter in another country so the chain of vat continues as soon as the services or goods are imported into 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 even while offering you a fake or expired vat number on the vat invoice. In such a case, you might not have the ability to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that typically 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 given you an authentic vat number.
All that you should 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 website. All you need to do is always to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You will now have to click on verify, upon which the verification software will inform you if the vat number is valid.
Whenever 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 is not valid then you can tell your supplier since there may 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 that will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is extremely important if you are planning to buy services or goods from vat registered traders in another country which 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 lots of money and pain should the supplied vat number ends up being incorrect.