If you are a vat registered trader in the UK or perhaps any other member EU country which 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 actually quite 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 several countries across the globe including most eu countries. If you’re a trader in the United Kingdom that may be importing services or goods from other eu countries where vat has already been paid in the country of origin you’ll be able to vatcheck make application for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you buy your goods originating from a vat registered trader or exporter overseas 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. 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 vitally important to conduct a vat check that typically takes a short time whenever you get on the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if the supplier has indeed provided you with 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 follow the link provided at the site. All you have to do is to pick the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You may now need 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 proof of having conducted the check at a particular date and time. If the registration number isn’t valid then you can inform your supplier since there may be a lot of reasons for this kind of 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’s your business which will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to purchase services or goods from vat registered traders in another country that also adheres to 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 a lot of money and pain should the supplied vat number turns out to be incorrect.