If you are a vat registered trader in the UK or perhaps any other member EU country that 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 fairly simple to conduct a vat number check vatcontrol.com/vat 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 is followed in a number of countries across the globe including most eu countries. If you are a trader in the United Kingdom that is importing goods or services from other eu countries where vat was already paid in the country of origin you’ll be able to apply for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you purchase your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues as soon as the goods or services are imported to the UK.
However, there just might 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 in turn will raise your costs and deny you your rightful refund. It is actually thus very important to conduct a vat check that typically takes a short time whenever you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed given you a genuine 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 follow the link provided at the site. All you need to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and type in your own personal 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 evidence of having conducted the check at a particular date and time. If the registration number is not valid you’ll be able to tell your supplier since there could be a lot of reasons for such a response, ranging from 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.
Conducting a vat registration number check is extremely important if you plan to buy goods or services 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 conducting a vat check will certainly save your business lots of money and pain in case the supplied vat number ends up being incorrect.