If you are a vat registered trader in the United Kingdom or even in some 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 into your country. It is actually fairly 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 products or services that is followed in several countries across the globe including most eu countries. If you are a trader in the UK that is importing goods or services from other eu countries where vat has already been paid in the country http://vatcheck.com of origin then you can apply 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 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 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. In such a case, you might 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 when 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 you need to 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 site. All you need to do is to choose the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own vat number. You may now have 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 tell your supplier since there could be a lot of reasons for such a response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember 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 services or goods from vat registered traders in a foreign country that also follow the system of vat. The actual 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.