If you’re a vat registered trader in the United Kingdom or perhaps some other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly if you intend to import services or goods to your country. It is actually quite simple to conduct a vat number check over the internet before you decide to part with your hard-earned money.
VAT or value added tax is really a system of taxing products or services that’s followed in several countries across the globe including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where check vat number vat was already paid in the nation of origin then you can make application for a vat refund. This will 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 services or goods are imported into the UK.
However, there just might 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 have the ability to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that typically takes a short time whenever 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 follow the link provided at the site. All you need to do is always to choose the eu country of your 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 your vat number is valid.
If possible, you need to print the validation screen as evidence of having conducted the check at a 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 a lot of reasons for such a response, ranging from a genuine 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 don’t conduct a vat number check.
Performing a vat registration number check is extremely important if you are planning to purchase goods or services from vat registered traders in another country which follow the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will definitely save your valuable business a lot of money and pain should the supplied vat number turns out to be incorrect.