If you’re a vat registered trader in the United Kingdom 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, particularly if you intend to import services or goods 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 a system of taxing goods and services that is followed in a number of countries across the globe including most eu countries. If you are a trader in the United Kingdom that may be importing goods or services from other eu countries where checkvatnumber.com vat was already paid in the country 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 simply buy your goods 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 try 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 may 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 typically takes only a few minutes when 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 provided you with an authentic vat number.
All that you should do is log on to the EUROPA website ec.europa.eu directly or visit the hmrc vat department website and check the page provided at the website. All you have to do is to choose the eu country of the supplier, enter 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.
If possible, you should try to print the validation screen as evidence of having conducted the check at a particular date and time. In the event the registration number isn’t valid then you can tell your supplier since there could be a lot of reasons for this kind of response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it is your business that will suffer if you don’t conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to purchase goods or services from vat registered traders in another country that also adheres to the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain in case the supplied vat number turns out to be incorrect.