If you’re a vat registered trader in the United Kingdom or even in any other member EU country that 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 really quite simple to conduct a vat number check on the internet before you part with your hard-earned money.
VAT or value added tax is really a system of taxing products or services that is followed in a number of countries around the world including most eu countries. If you’re a trader in the United Kingdom that may be importing goods or services from other eu countries where vat was already paid in the nation of origin you’ll be able to https://vatcheck.com make application for a vat refund. This may allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you simply buy your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues as soon as the goods or services are imported to the UK.
However, there just might be a possibility that an unregistered vat trader might try 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 have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is 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 that you should 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 website. All you need to do is always to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own 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 should try to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number is not valid you’ll be able to inform your supplier since there may be a lot of reasons for this kind of 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 is your business which will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to buy services or goods from vat registered traders in a foreign country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain should the supplied vat number turns out to be incorrect.