If you are a vat registered trader in the United Kingdom or even in some 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 intend to import goods or services to your country. It is actually quite 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 a system of taxing goods and services that is followed in a number of countries around the world including most eu countries. If you're a trader in the UK that may be importing goods or services from other eu countries where vat has already been paid in the nation vatcheck of origin you'll be able to 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 purchase your goods originating from a vat registered trader or exporter in another country so that 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 try 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 might not have the ability to reclaim any vat on that transaction, which in turn will raise the costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that typically takes only a few minutes 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 given you an authentic 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 have to do is to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and enter your own 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. In the event the registration number is not valid you'll be able to inform 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 the supplier?s part. You sould never forget that ultimately it is your business that will suffer if you fail to conduct a vat number check.
Conducting a vat registration number check is very important if you plan to buy goods or services from vat registered traders in another country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business a lot of money and pain should the supplied vat number ends up being incorrect.