If you are a vat registered trader in the UK or even in some other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is really quite simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.
VAT or value added tax is really a system of taxing products or 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 http://vatnumbers.com importing services or goods from other eu countries where vat has already been paid in the nation of origin you’ll be able to make application for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you 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 just might 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 the costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that typically takes a short time whenever 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 given you 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 have to do is to pick the eu country of your supplier, enter 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 the vat number is valid.
Whenever possible, you need to print the validation screen as proof of having conducted the check at the particular date and time. If the registration number isn’t valid you’ll be able to tell your supplier since there may be a lot of 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’s your business that will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is extremely important if you plan to purchase services or goods from vat registered traders in another country that also follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain in case the supplied vat number turns out to be incorrect.