If you’re a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat you will want 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 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 goods and services that’s followed in a number of countries around the world including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where vat has already been paid in the country of origin then you can vatcheck.com apply for a vat refund. This may permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you buy your goods from a vat registered trader or exporter in another country so that 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. When this happens, you may not be able to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that usually takes only a few minutes whenever you log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if the supplier has indeed provided you with an authentic vat number.
All that you should 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 choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and enter 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.
If possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number isn’t valid you’ll be able to inform 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 your supplier?s part. You should remember that ultimately it is 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 plan to buy goods or services from vat registered traders in another 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 certainly save your valuable business a lot of money and pain should the supplied vat number turns out to be incorrect.