If you’re a vat registered trader in the United Kingdom or even in any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you plan to import goods or services to your country. It is actually 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 across the globe 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 has already been paid in the nation of origin you’ll be able to apply for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you buy your goods from a vat registered trader or exporter in another country so that the chain of vat continues when the goods or services 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 providing you with a fake or expired vat number on the vat invoice. In such a case, you may 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 thus very important to conduct a vat check that usually takes only a few minutes when you get on 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 visit the hmrc vat department website and follow the link provided at the site. All you need to do is always 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 will now have to click on verify, upon which the verification software will inform you if the vat number is valid.
If possible, you should try to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number is not valid you’ll be able to inform your supplier since there may be a lot of reasons for such a 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 which will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is very important if you are planning to purchase services or goods 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 performing a vat check will definitely save your business lots of money and pain should the supplied vat number turns out to be incorrect.