If you are a vat registered trader in the United Kingdom or perhaps any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import services or goods to your country. It is really quite 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 a system of taxing products or services that is followed in a number of countries across the globe including most eu countries. If you’re a trader in the UK that may be importing services or goods from other eu countries where vat was already paid in the nation vatcheck.com of origin then you can apply for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you purchase your goods from a vat registered trader or exporter in another country so the chain of vat continues as soon as the goods or services are imported into the UK.
However, there just might be a chance 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 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 vitally important to conduct a vat check that usually takes a short time whenever 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 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 site. All you have to do is always to choose 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 may now need to click on verify, upon which the verification software will inform you if your 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. If the registration number is not valid then you can inform your supplier since there could be many reasons for this kind of response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it is your business which will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in a foreign country that also adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business a lot of money and pain should the supplied vat number turns out to be incorrect.