If you are a vat registered trader in the United Kingdom or even in some 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 intend to import services or goods into your country. It is really quite 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 goods and services that’s followed in a number of countries around the world including most eu countries. If you’re a trader in the United Kingdom that may be importing goods or services from other eu countries where vat was already paid in the country www.vatcheck.com of origin you’ll be able to apply 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 buy your goods originating from a vat registered trader or exporter overseas 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 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 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 only a few minutes when you get on the official European Commission or EUROPA website that permits 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 check the page provided at the site. All you have to do is to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own personal 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 evidence of having conducted the check at a particular date and time. In the event the registration number is not valid you’ll be able to inform your supplier since there could be many reasons for such a response, including a genuine mistake in providing you with the vat number to willful wrongdoing on your 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 very important if you plan to purchase goods or services from vat registered traders in a foreign country which adheres to the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will definitely save your valuable business lots of money and pain in case the supplied vat number turns out to be incorrect.