If you’re a vat registered trader in the UK or even in any other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods to your country. It is actually quite simple to conduct a vat number check http://vatcontrol.com/vat on the internet before you spend your hard-earned money.
VAT or value added tax is a system of taxing products or services that is followed in several countries around the world including most eu countries. If you are a trader in the UK that may be importing services or goods 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 simply buy your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues when the services or goods are imported to the UK.
However, there just might 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 vitally important to conduct a vat check that typically takes a short time 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 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 always to pick 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 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 proof of having conducted the check at a particular date and time. If the registration number isn’t valid you’ll be able to tell your supplier since there could be a lot of reasons for such a response, including an authentic mistake in providing you with the vat number to willful wrongdoing on the 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 buy services or goods from vat registered traders in a foreign country which 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 business lots of money and pain should the supplied vat number turns out to be incorrect.