If you’re a vat registered trader in the United Kingdom or even in any other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services into your country. It is really fairly simple to conduct a vat number check over the internet before you decide to spend your hard-earned money.
VAT or value added tax is really a system of taxing goods and 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 goods or services from other eu countries where vat has already been paid in the nation of origin then you can vatcheck.com make application for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you simply purchase your goods from a vat registered trader or exporter overseas so the chain of vat continues as soon as the goods or services are imported to the UK.
However, there may 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 might not have the ability to reclaim any vat on that transaction, which in turn will raise the 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 when you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your 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 need to do is always to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may now need 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. In the event the registration number is not valid then you can inform your supplier since there may be many reasons for this kind of response, including a genuine mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it’s your business that will suffer if you don’t conduct a vat number check.
Conducting a vat registration number check is extremely important if you are planning to buy services or goods from vat registered traders in a foreign country which adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will definitely save your valuable business lots of money and pain should the supplied vat number turns out to be incorrect.