If you are a vat registered trader in the United Kingdom or perhaps some 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 services or goods into your country. It is actually 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 UK that is importing services or goods from other eu countries where vat was already paid in the country of origin then you can vatcheck.com apply for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply purchase your goods originating from a vat registered trader or exporter in another country so 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 whilst offering you 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 thus very important to conduct a vat check that typically takes only a few minutes when 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 provided you with 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 website. 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 country code, and type in your own 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 should try 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 such a response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it’s 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 buy services or goods 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 should the supplied vat number ends up being incorrect.