If you are a vat registered trader in the UK or even in some other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is really fairly 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 a system of taxing goods and services that is followed in a number of countries around the world including most eu countries. If you’re a trader in the United Kingdom that is importing services or goods from other eu countries where vat has already been paid in the nation vatcheck 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 from a vat registered trader or exporter overseas so that the chain of vat continues when the goods or services are imported to the UK.
However, there just might be a possibility 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. When this happens, 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 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 allows you to conduct a vat registration check and validate if the supplier has indeed provided you with a genuine 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 need to do is to choose the eu country of your supplier, enter 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 evidence of having conducted the check at the particular date and time. If the registration number isn’t valid then you can tell your supplier since there could be many reasons for such a response, including an authentic mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it is 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 buy goods or services from vat registered traders in another country which adheres to the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your business lots of money and pain should the supplied vat number turns out to be incorrect.