If you are 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 the supplier before finalizing your transaction, particularly if you plan to import services or goods to your country. It is really quite simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.
VAT or value added tax is a system of taxing products or services that is followed in several countries around the world including most eu countries. If you’re a trader in the UK that is importing services or goods from other eu countries where vat was already paid in the country of origin you’ll be able to make application for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you buy your goods from a vat registered trader or exporter in another country so the chain of vat continues when the goods or services 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 offering you a fake or expired vat number on the vat invoice. In such a case, you might not http://vatcheck.com be able to reclaim any vat on that transaction, which inturn 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 get on 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 you need to 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 need to do is always to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and enter your own personal vat number. You will 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 isn’t valid then you can tell your supplier since there may be a lot of 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 sould never forget that ultimately it is your business which will suffer if you don’t 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 follow 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 a lot of money and pain in case the supplied vat number turns out to be incorrect.