If you are a vat registered trader in the United Kingdom or perhaps some other member EU country that 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 into your country. It is actually fairly simple to conduct a vat number check on the internet before you part with your hard-earned money.
VAT or value added tax is really a system of taxing products or services that's followed in several countries across the globe including most eu countries. If you are a trader in the United Kingdom 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 necessary that you simply buy your goods originating from a vat registered trader or exporter in another country so 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 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 be able to reclaim any vat on that transaction, which inturn 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 when 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 provided you with a genuine vat number.
All that you should 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 website. All you need to do is to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own personal vat number. You may now need to click on verify, upon which the verification software will inform you if the vat number is valid.
Whenever possible, you need 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 you'll be able to inform your supplier since there may be many reasons for this kind of response, including an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it is 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 are planning to purchase goods or services from vat registered traders in a foreign country which 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 should the supplied vat number turns out to be incorrect.