If you are a vat registered trader in the United Kingdom or perhaps any 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 plan to import services or goods to your country. It is actually fairly 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 a number of 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 then you can make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply purchase your goods from a vat registered trader or exporter in another country so that the chain of vat continues as soon as 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 even while providing you with a fake or expired vat number on the vat invoice. When this happens, 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 thus very important to conduct a vat check that usually takes a short time whenever you log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if the supplier has indeed given you a genuine vat number.
All that you should 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 site. All you need to do is always to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and type in 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.
If possible, you need 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 you’ll be able to inform your supplier since there could be a lot of reasons for such a response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it is your business that will suffer if you don’t conduct a vat number check.
Performing a vat registration number check is extremely important if you plan to purchase goods or services from vat registered traders in a foreign country that also follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your valuable business a lot of money and pain should the supplied vat number turns out to be incorrect.