If you’re a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you intend to import services or goods to 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 is followed in a number of countries across the globe including most eu countries. If you’re a trader in the UK that may be http://vatnumbers.com importing goods or services from other eu countries where vat was already paid in the nation of origin then you can make application for a vat refund. This may allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you buy your goods from a vat registered trader or exporter in another country so the chain of vat continues when the goods or services are imported to the UK.
However, there may be a possibility that an unregistered vat trader might try to dupe you of your savings by charging you vat even while providing you with a fake or expired vat number on the vat invoice. In such a case, you might not have the ability to reclaim any vat on that transaction, which inturn 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 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 provided you with 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 website. All you have to do is to choose the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You may 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 evidence of having conducted the check at the particular date and time. If the registration number isn’t valid you’ll be able to inform your supplier since there could be many reasons for this kind of response, including an authentic 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 fail to conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to buy services or goods from vat registered traders in a foreign country that also adheres to the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business a lot of money and pain in case the supplied vat number ends up being incorrect.