If you are 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 your supplier before finalizing your transaction, particularly if you intend to import goods or services to your country. It is really quite simple to conduct a vat number check 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 a number of 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 www.checkvatnumber.com vat has already been paid in the country of origin then you can make application for a vat refund. This will permit you to reclaim vat paid earlier in order 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 the chain of vat continues when the services or goods are imported to 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 providing you with 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 inturn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that usually takes a short time whenever you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your supplier has indeed given you 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 website. All you need to do is 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 vat number. You will now need 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. In the event the registration number is not valid you’ll be able to tell your supplier since there may be many reasons for this kind of response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it is your business that will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to buy 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 performing a vat check will definitely save your business a lot of money and pain should the supplied vat number turns out to be incorrect.