If you’re a vat registered trader in the UK or perhaps any other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you plan to import goods or services into your country. It is really fairly simple to conduct a vat number check over the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that’s followed in several countries across the globe including most eu countries. If you are a trader in the UK that may be importing services or goods from other eu countries where vat has already been paid in the nation http://vatcheck.com of origin then you can make application for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply buy your goods originating 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 to the UK.
However, there may be a possibility that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. In such a case, 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 thus vitally important to conduct a vat check that usually takes a short time 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 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 website. All you have to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own vat number. You may now need to click on verify, upon which the verification software will inform you if your vat number is valid.
Whenever possible, you should try to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number isn’t valid then you can inform your supplier since there could be many reasons for this kind of response, ranging from 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.
Performing 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 actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business lots of money and pain should the supplied vat number ends up being incorrect.