If you are a vat registered trader in the United Kingdom or perhaps 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 goods or services into your country. It is actually quite simple to conduct a vat number check over the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that’s followed in several countries around the world including most eu countries. If you are a trader in the UK that is importing goods or services from other eu countries where vat was already paid in the country vatcheck of origin you’ll be able to apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues as soon as the goods or services are imported into the UK.
However, there may be a possibility that an unregistered vat trader might try 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 might not have the ability to reclaim any vat on that transaction, which in turn will raise the 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 when you get on 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 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 to choose the eu country of your supplier, type in the vat number of your proposed supplier, choose your 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 should try to print the validation screen as evidence of having conducted the check at a particular date and time. If the registration number is not valid then you can inform your supplier since there could be a lot of reasons for such a response, including a genuine 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 don’t conduct a vat number check.
Conducting a vat registration number check is extremely important if you plan to purchase goods or services from vat registered traders in another country which adheres to the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will definitely save your valuable business lots of money and pain should the supplied vat number turns out to be incorrect.