If you are a vat registered trader in the UK or perhaps any other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, particularly if you intend to import goods or services into your country. It is actually fairly simple to conduct a vat number check on the internet before you part with 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 UK that may be http://vatnumbers.com importing services or goods from other eu countries where 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 so as to avoid double-taxation. However, it is necessary that you simply purchase your goods originating from a vat registered trader or exporter overseas so the chain of vat continues when the goods or services are imported to the UK.
However, there may 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. In such a case, you may not have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that usually takes only a few minutes 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 given you an authentic vat number.
All that you should 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 pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You will 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 you’ll be able to tell your supplier since there may be many reasons for such a response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember 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 extremely important if you are planning to purchase services or goods from vat registered traders in a foreign country which follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business a lot of money and pain in case the supplied vat number turns out to be incorrect.