If you are a vat registered trader in the UK or even in any other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, particularly if you intend to import goods or services into your country. It is really quite simple to conduct a vat number check vatcontrol.com/vat on 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 a number of countries around the world including most eu countries. If you are 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 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 goods or services are imported into 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 whilst 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 vitally important to conduct a vat check that usually takes only a few minutes 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 provided you with a genuine 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 site. All you need to do is always to choose the eu country of your supplier, enter the vat number of your proposed supplier, choose your country code, and type in 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 evidence of having conducted the check at a particular date and time. If the registration number isn’t valid you’ll be able to inform your supplier since there could be many reasons for this kind of response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it is your business which will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is extremely important if you are planning to purchase goods or services from vat registered traders in a foreign country which follow 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 in case the supplied vat number ends up being incorrect.