If you’re a vat registered trader in the UK or perhaps any other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is really quite simple to conduct a vat number check vatcontrol.com/vat over 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 across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing services or goods from other eu countries where vat has already been paid in the country of origin you’ll be able to apply for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you purchase your goods originating from a vat registered trader or exporter overseas 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 chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you 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 very important to conduct a vat check that usually takes only a few minutes 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 you need to do is log on to the EUROPA website ec.europa.eu directly or visit the hmrc vat department website and follow the link provided at the site. All you have to do is to pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will now have 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. In the event the registration number is not valid then you can tell your supplier since there could be a lot of reasons for such a response, including a genuine mistake in supplying 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 fail to conduct a vat number check.
Conducting a vat registration number check is very important if you plan to purchase goods or services from vat registered traders in a foreign country that also follow the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will definitely save your valuable business a lot of money and pain in case the supplied vat number ends up being incorrect.