If you are a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is really quite simple to conduct a vat number check over the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing products or services that is followed in a number of countries around the world 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 was already paid in the nation of origin you’ll be able to www.vatcheck.com apply 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 buy your goods from a vat registered trader or exporter in another country so that the chain of vat continues as soon as the goods or services are imported to the UK.
However, there just might be a possibility that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while providing you with 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 actually thus very important to conduct a vat check that usually takes a short time whenever 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 that you should do is log on to the EUROPA website ec.europa.eu directly or visit the hmrc vat department website and check the page provided at the website. All you have to do is to pick the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own personal vat number. You may 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. If the registration number is not valid you’ll be able to inform your supplier since there could be many reasons for such a response, including 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.
Conducting a vat registration number check is extremely important if you are planning to buy goods or services from vat registered traders in a foreign country that also 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.