If you are a vat registered trader in the UK or even in some other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import goods or services to your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat on the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that is followed in several countries across the globe 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 has already been paid in the country of origin you’ll be able to apply for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues when the services or goods are imported to the UK.
However, there just might be a chance that an unregistered vat trader might try 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 may not have the ability to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that typically takes only a few minutes whenever 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 given you a genuine 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 follow the link provided at the website. All you need to do is always to choose the eu country of the supplier, enter 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 the vat number is valid.
If possible, you should try to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number is not valid then you can tell your supplier since there may be a lot of reasons for such a response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it’s 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 another country that also adheres to the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain should the supplied vat number turns out to be incorrect.