If you’re a vat registered trader in the United Kingdom or perhaps 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 plan to import services or goods to your country. It is actually fairly simple to conduct a vat number check over 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’s followed in several countries across the globe including most eu countries. If you are a trader in the United Kingdom that may be vatnumbers importing services or goods from other eu countries where vat was already paid in the nation of origin then you can apply for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply buy your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues as soon as 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 whilst providing you with a fake or expired vat number on the vat invoice. In such a case, you may not be able to reclaim any vat on that transaction, which in turn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes a short time 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 an authentic vat number.
All you need to 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 pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own 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 a particular date and time. In the event the registration number is not valid then you can inform your supplier since there could be many reasons for this kind of response, including an authentic 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 fail to conduct a vat number check.
Conducting a vat registration number check is very important if you are planning to buy services or goods 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 conducting a vat check will certainly save your business lots of money and pain should the supplied vat number turns out to be incorrect.