If you are a vat registered trader in the United Kingdom or even in any other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import services or goods to your country. It is really 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 is followed in several countries around the world including most eu countries. If you’re a trader in the UK that is importing goods or services from other eu countries where vat has already been paid in the country of origin you’ll be able to www.vatcheck.com 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 from a vat registered trader or exporter in another country so the chain of vat continues as soon as the services or goods 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 providing you with a fake or expired vat number on the vat invoice. When this happens, you might not 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 typically takes a short time whenever 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 an authentic 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 check the page provided at the site. All you need to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own 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 the vat number is valid.
Whenever possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number isn’t valid then you can inform your supplier since there could be many reasons for this kind of 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’s your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you plan to purchase goods or services from vat registered traders in another country that also adheres to the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain should the supplied vat number ends up being incorrect.