If you are a vat registered trader in the UK or perhaps any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import services or goods to your country. It is actually quite simple to conduct a vat number check on the internet before you decide to part with your hard-earned money.
VAT or value added tax is really a system of taxing goods and services that is followed in several countries across the globe including most eu countries. If you’re a trader in the UK that is importing services or goods from other eu countries where www.checkvatnumber.com vat was already paid in the nation of origin you’ll be able to make application for a vat refund. This will permit 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 as soon as the services or goods 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 offering you a fake or expired vat number on the vat invoice. When this happens, you might not be able 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 usually takes only a few minutes whenever you log on to 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 that you should do is log on to the EUROPA website ec.europa.eu directly or go to the hmrc vat department website and check the page provided at the website. All you need to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You will 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 proof of having conducted the check at a 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 a genuine 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 don’t conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in another 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 business lots of money and pain in case the supplied vat number turns out to be incorrect.