If you are a vat registered trader in the United Kingdom or perhaps some 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 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 part with your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that’s followed in several countries around the world including most eu countries. If you are a trader in the UK that may be importing services or goods from other eu countries where vat was already paid in the country http://vatcheck.com of origin then you can make application 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 into 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 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 in turn will raise your costs and deny you your rightful refund. It is actually thus very 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 your supplier has indeed given you an authentic 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 check the page provided at the site. All you need to do is always to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You will now have 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 proof of having conducted the check at a particular date and time. If the registration number isn’t valid then you can inform your supplier since there may 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 that will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is very important if you plan to purchase services or goods 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 turns out to be incorrect.