If you are a vat registered trader in the UK or perhaps some 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 to your country. It is actually 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 around the world 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 was already paid in the country of origin then you can make application for a vat refund. This will permit you to reclaim vat paid earlier so as 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 as soon as the services or goods are imported into the UK.
However, there just might 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. When this happens, you may not http://vatcheck.com 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 vitally 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 your supplier has indeed provided you with a genuine 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 follow the link provided at the site. All you have to do is to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will 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 the particular date and time. If the registration number is not valid then you can tell your supplier since there could be many reasons for such a response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it is your business that will suffer if you don’t 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 definitely save your business lots of money and pain in case the supplied vat number ends up being incorrect.