If you’re a vat registered trader in the UK or even in some other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods to your country. It is actually 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 products or services that’s followed in several countries across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing goods or services from other eu countries where vat has already been paid in the country www.vatcheck.com of origin then you can apply for a vat refund. This will allow you to reclaim vat paid earlier so as 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 when the services or goods are imported into 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 offering you 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 inturn will raise your costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that typically takes a short time 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 always to pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own personal 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 evidence of having conducted the check at the particular date and time. If the registration number is not valid you’ll be able to tell your supplier since there may be many reasons for this kind of response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it is your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you plan to buy goods or services from vat registered traders in a foreign country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business lots of money and pain should the supplied vat number turns out to be incorrect.