If you’re a vat registered trader in the UK or even in any other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is really fairly simple to conduct a vat number check over the internet before you decide to 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 are a trader in the UK that is importing services or goods from other eu countries where vat has already been paid in the nation of origin then you can https://vatcheck.com apply for a vat refund. This may permit 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 in another country so the chain of vat continues when the goods or services are imported into 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 offering you a fake or expired vat number on the vat invoice. When this happens, you may not be able 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 typically 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 your 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 follow the link provided at the website. All you have to do is always to choose 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 need to print the validation screen as evidence of having conducted the check at the particular date and time. If the registration number is not valid then you can tell your supplier since there could be a lot of reasons for this kind of response, including a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember 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 purchase goods or services from vat registered traders in a foreign country which adheres to 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 lots of money and pain in case the supplied vat number turns out to be incorrect.