If you are a vat registered trader in the United Kingdom or even in any other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import goods or services into 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 products or services that’s followed in a number of countries around the world including most eu countries. If you’re a trader in the UK that may be importing goods or services from other eu countries where 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 purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the services or goods are imported into 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 whilst providing you with a fake or expired vat number on the vat invoice. In such a case, you might not http://vatcheck.com 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 vitally important to conduct a vat check that typically takes only a few minutes when you log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your supplier has indeed given you 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 website. All you have to do is always to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in 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 evidence of having conducted the check at the particular date and time. If the registration number is not valid then you can inform your supplier since there could be many reasons for this kind of 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 that will suffer if you don’t conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to purchase services or goods 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 conducting a vat check will certainly save your valuable business a lot of money and pain in case the supplied vat number turns out to be incorrect.