If you’re a vat registered trader in the United Kingdom or perhaps any 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 goods or services into your country. It is actually quite simple to conduct a vat number check on the internet before you spend your hard-earned money.
VAT or value added tax is a system of taxing products or services that’s followed in several countries around the world including most eu countries. If you are a trader in the UK that may be importing goods or services from other eu countries where http://checkvatnumber.com vat was already paid in the nation of origin you’ll be able to make application for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply purchase your goods from a vat registered trader or exporter overseas so that the chain of vat continues when the services or goods are imported to the UK.
However, there just might 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 your costs and deny you your rightful refund. It is 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 your supplier has indeed given you a genuine 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 site. All you have to do is to choose the eu country of your supplier, enter the vat number of your proposed supplier, choose your country code, and type in 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 need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number is not valid then you can tell your supplier since there may be a lot of reasons for this kind of response, including a genuine mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget 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 goods or services from vat registered traders in a foreign country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your valuable business lots of money and pain in case the supplied vat number turns out to be incorrect.