If you’re a vat registered trader in the United Kingdom or perhaps some other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is actually quite simple to conduct a vat number check on the internet before you spend your hard-earned money.
VAT or value added tax is really a system of taxing products or services that’s followed in several countries around the world including most eu countries. If you’re a trader in the United Kingdom that is importing services or goods from other eu countries where vat was already paid in the country www.vatcheck.com of origin then you can 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 purchase your goods originating from a vat registered trader or exporter overseas so 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 might not have the ability to reclaim any vat on that transaction, which inturn will raise your 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 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 need to do is always to choose the eu country of your supplier, enter 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 the vat number is valid.
If possible, you need to print the validation screen as evidence of having conducted the check at the particular date and time. In the event the registration number isn’t valid then you can tell your supplier since there could be a lot of reasons for such a response, including an authentic mistake in providing 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 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 ends up being incorrect.