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, especially if you plan to import services or goods into your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat over the internet before you 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 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 has already been paid in the country of origin then you can apply 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 purchase your goods from a vat registered trader or exporter overseas so the chain of vat continues when the services or goods 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 providing you with 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 in turn 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 whenever you get on the official European Commission or EUROPA website that allows 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 visit the hmrc vat department website and check the page provided at the site. All you need 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 enter your own personal vat number. You may now have to click on verify, upon which the verification software will inform you if your vat number is valid.
If possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number is not valid then you can tell your supplier since there may be a lot of reasons for this kind of response, including an authentic mistake in supplying 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.
Conducting 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 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 definitely save your business lots of money and pain in case the supplied vat number turns out to be incorrect.