If you are a vat registered trader in the United Kingdom or even in 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 services or goods into your country. It is really quite simple to conduct a vat number check on the internet before you spend your hard-earned money.
VAT or value added tax is a system of taxing goods and services that's 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 services or goods from other eu countries where vat was already paid in the country http://vatcheck.com of origin then you can 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 simply buy your goods from a vat registered trader or exporter in another country so the chain of vat continues when the services or goods 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 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 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 given you 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 have to do is always to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may now have to click on verify, upon which the verification software will inform you if your vat number is valid.
Whenever 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 isn't valid you'll be able to inform your supplier since there could be a lot of reasons for this kind of 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 that will suffer if you fail to conduct a vat number check.
Performing a vat registration number check is very important if you are planning to purchase services or goods from vat registered traders in another country that also follow the system of vat. The actual 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 turns out to be incorrect.