If you are a vat registered trader in the UK or perhaps 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 intend to import services or goods into your country. It is really fairly 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 really 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 United Kingdom that is importing services or goods from other eu countries where http://checkvatnumber.com vat has already been paid in the nation of origin then you can 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 purchase your goods from a vat registered trader or exporter overseas so that the chain of vat continues when the services or goods are imported into the UK.
However, there may be a chance 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 be able to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes a short time 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 website. All you need to do is to pick 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 may now have to click on verify, upon which the verification software will inform you if your vat number is valid.
Whenever 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 an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it’s your business that will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is very 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 performing a vat check will definitely save your valuable business a lot of money and pain should the supplied vat number turns out to be incorrect.