If you’re a vat registered trader in the UK or even in some other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you intend to import services or goods to your country. It is really fairly simple to conduct a vat number check over the internet before you decide to part with your hard-earned money.
VAT or value added tax is a system of taxing products or services that’s 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 country vat check 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 necessary that you 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 just might 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 may not be able to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that typically takes only a few minutes when 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 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 check the page 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 enter your own 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 need 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 inform your supplier since there could be a lot of reasons for such a response, ranging from an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it’s your business which 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 buy goods or services from vat registered traders in a foreign country which follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your business a lot of money and pain in case the supplied vat number turns out to be incorrect.