If you are a vat registered trader in the United Kingdom or perhaps 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 plan to import services or goods into your country. It is really fairly simple to conduct a vat number check on the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that is followed in a number of countries across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing services or goods from other eu countries where vat has already been paid in the country of origin then you can http://vatcheck.com apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply buy your goods originating from a vat registered trader or exporter overseas so the chain of vat continues as soon as the goods or services are imported to the UK.
However, there just might be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat whilst offering you a fake or expired vat number on the vat invoice. When this happens, you may not have the ability to reclaim any vat on that transaction, which in turn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes a short time whenever you log on to 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 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 have to do is to pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may 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 evidence of having conducted the check at a particular date and time. In the event the registration number isn’t 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 supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it’s your business that will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is extremely important if you are planning to buy services or goods from vat registered traders in another country that also 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 business a lot of money and pain should the supplied vat number ends up being incorrect.