If you’re a vat registered trader in the UK or even in some other member EU country that has embraced vat you will want to conduct a vat check of the 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 spend your hard-earned money.
VAT or value added tax is really a system of taxing products or services that is followed in several countries across the globe including most eu countries. If you’re a trader in the UK that may be importing services or goods from other eu countries where vat has already been paid in the nation www.vatcheck.com of origin you’ll be able to apply for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply buy your goods from a vat registered trader or exporter in another country so that the chain of vat continues when the services or goods are imported into the UK.
However, there just might be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat whilst providing you with 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 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 log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed given you a genuine 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 always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own vat number. You may now need 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 you’ll be able to 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 sould never forget that ultimately it’s your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you are planning to buy 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 performing a vat check will definitely save your valuable business lots of money and pain should the supplied vat number ends up being incorrect.