If you’re a vat registered trader in the UK or perhaps some other member EU country that has embraced vat then you need 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 really quite simple to conduct a vat number check over the internet before you 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 around the world including most eu countries. If you’re a trader in the United Kingdom that is importing goods or services from other eu countries where vat was already paid in the country of origin then you can make application for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods from a vat registered trader or exporter in another country 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 attempt 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 vatcheck have the ability to reclaim any vat on that transaction, which inturn will raise the 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 allows you to conduct a vat registration check and validate if the supplier has indeed provided you with an authentic 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 site. All you need to do is to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and type in 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 need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number isn’t valid you’ll be able to tell your supplier since there may be a lot of reasons for such a response, ranging from a genuine mistake in supplying 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 don’t conduct a vat number check.
Performing a vat registration number check is very important if you are planning to purchase 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 performing a vat check will certainly save your business a lot of money and pain should the supplied vat number turns out to be incorrect.