If you are 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 your supplier before finalizing your transaction, especially if you intend to import goods or services into your country. It is actually 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 goods and 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 services or goods from other eu countries where www.checkvatnumber.com vat has already been paid in the country of origin you’ll be able to make application for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you simply purchase your goods from a vat registered trader or exporter overseas so the chain of vat continues as soon as the services or goods are imported to 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 even while providing you with a fake or expired vat number on the vat invoice. In such a case, you may not have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that usually takes only a few minutes whenever you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your supplier has indeed given you an authentic vat number.
All that you should 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, enter the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You will now have to click on verify, upon which the verification software will inform you if your vat number is valid.
If 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 isn’t valid then you can tell your supplier since there may be many reasons for this kind of response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it’s your business which 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 which follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business lots of money and pain in case the supplied vat number turns out to be incorrect.