If you are a vat registered trader in the United Kingdom or even in some 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 fairly simple to conduct a vat number check over the internet before you spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that is followed in several countries across the globe including most eu countries. If you are a trader in the UK that is importing services or goods from other eu countries where checkvatnumber vat has already been paid in the nation of origin then you can make application for a vat refund. This may allow you to reclaim vat paid earlier in order 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 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 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 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 website. All you have to do is always to pick the eu country of the 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 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 evidence of having conducted the check at the particular date and time. If the registration number is not valid then you can tell your supplier since there could be a lot of reasons for this kind of response, ranging from 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’s your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in another country which follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain should the supplied vat number ends up being incorrect.