If you are a vat registered trader in the United Kingdom or even in 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 intend to import services or goods to your country. It is really fairly simple to conduct a vat number check on the internet before you decide to part with 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 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 vat was already paid in the country of origin then you can vatcheck make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply buy your goods from a vat registered trader or exporter overseas so that the chain of vat continues when 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 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 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 get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your supplier has indeed provided you with a genuine 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 follow the link provided at the website. All you need to do is to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will now need 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 the particular date and time. In the event the registration number isn’t valid you’ll be able to inform your supplier since there could be many reasons for such a response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it’s 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 plan to purchase 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 definitely save your business lots of money and pain in case the supplied vat number ends up being incorrect.