If you are a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly if you plan to import services or goods to your country. It is actually quite simple to conduct a vat number check https://vatcontrol.com/vat 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 a number of countries across the globe including most eu countries. If you’re a trader in the United Kingdom that is importing goods or services from other eu countries where vat was already paid in the country of origin you’ll be able to 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 purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the services or goods are imported into the UK.
However, there just might be a possibility 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. When this happens, you may not be able to reclaim any vat on that transaction, which inturn will raise the 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 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 provided you with an authentic vat number.
All you need to do is log on to the EUROPA website ec.europa.eu directly or go to 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 your supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may now have to click on verify, upon which the verification software will inform you if the vat number is valid.
If possible, you should try to print the validation screen as evidence of having conducted the check at the particular date and time. In the event the registration number is not valid then you can inform your supplier since there could be a lot of reasons for such a response, including an authentic mistake in providing you with the vat number to willful wrongdoing on the 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.
Conducting a vat registration number check is extremely important if you are planning to purchase services or goods from vat registered traders in another 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 business a lot of money and pain in case the supplied vat number ends up being incorrect.