If you’re 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 your supplier before finalizing your transaction, especially if you intend to import services or goods to your country. It is actually fairly simple to conduct a vat number check over the internet before you decide to spend 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 around the world including most eu countries. If you’re a trader in the United Kingdom that is importing services or goods from other eu countries where checkvatnumber.com vat has already been paid in the country 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 important that you buy your goods originating 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 chance that an unregistered vat trader might try to dupe you of your savings by charging you vat even while offering you 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 the costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that usually takes only a few minutes 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 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 have to do is to choose 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 may now need to click on verify, upon which the verification software will inform you if the vat number is valid.
If 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 isn’t valid you’ll be able to inform your supplier since there could be a lot of 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 buy goods or services from vat registered traders in a foreign 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 business a lot of money and pain in case the supplied vat number turns out to be incorrect.