If you are a vat registered trader in the United Kingdom or even in 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 into your country. It is actually quite simple to conduct a vat number check vatcontrol.com/vat over the internet before you part with your hard-earned money.
VAT or value added tax is really a system of taxing products or services that is followed in several countries around the world including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where vat was already paid in the country 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 necessary that you purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues as soon as the services or goods are imported into 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 whilst providing you with 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 inturn will raise your costs and deny you your rightful refund. It is thus vitally 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 permits you to conduct a vat registration check and validate if the supplier has indeed given you a genuine 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 follow the link provided at the website. All you need to do is to choose the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You will now need 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 evidence of having conducted the check at the particular date and time. In the event the registration number isn’t valid then you can inform your supplier since there may be a lot of reasons for this kind of response, ranging from 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 fail to conduct a vat number check.
Performing a vat registration number check is extremely important if you are planning to purchase 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 certainly save your business lots of money and pain in case the supplied vat number ends up being incorrect.