If you're a vat registered trader in the UK or perhaps some other member EU country that 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 into your country. It is actually quite 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 goods and services that is followed in a number of countries across the globe 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 nation of origin you'll be able to www.vatcheck.com make application for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply buy your goods from a vat registered trader or exporter overseas so the chain of vat continues when the services or goods are imported into the UK.
However, there just might be a chance that an unregistered vat trader might try 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 the costs and deny you your rightful refund. It is thus very 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 your supplier has indeed provided you with an authentic 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 have to do is to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your own country code, and enter your own vat number. You will now have 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 proof of having conducted the check at a particular date and time. If the registration number isn't valid then you can inform your supplier since there could be many reasons for this kind of response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it's your business that 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 another 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 certainly save your valuable business a lot of money and pain in case the supplied vat number ends up being incorrect.