If you are a vat registered trader in the United Kingdom or even in any other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import services or goods to your country. It is really quite simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that’s followed in several countries around the world including most eu countries. If you’re a trader in the UK that is vatnumbers.com importing services or goods from other eu countries where vat has already been paid in the nation of origin you’ll be able to make application for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you simply buy 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 chance that an unregistered vat trader might try to dupe you of your savings by charging you vat whilst offering you 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 actually thus very important to conduct a vat check that usually takes a short time whenever you log on to the official European Commission or EUROPA website that permits 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 check the page provided at the site. All you need to do is to choose the eu country of the supplier, enter 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 need to print the validation screen as evidence of having conducted the check at a particular date and time. If the registration number is not valid you’ll be able to tell your supplier since there may be many reasons for this kind of response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it’s your business which will suffer if you don’t conduct a vat number check.
Conducting a vat registration number check is very important if you plan to purchase services or goods from vat registered traders in a foreign country that also adheres to the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business a lot of money and pain in case the supplied vat number turns out to be incorrect.