If you are a vat registered trader in the UK or perhaps some other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly if you intend to import services or goods into your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat 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 around the world including most eu countries. If you are a trader in the UK that may be importing services or goods from other eu countries where vat has already been paid in the country of origin you’ll be able to make application for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply purchase your goods originating 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 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 might 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 vitally important to conduct a vat check that usually 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 the supplier has indeed provided you with a genuine 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 need to do is to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own vat number. You may now have to click on verify, upon which the verification software will inform you if the vat number is valid.
Whenever possible, you should try to print the validation screen as evidence of having conducted the check at the particular date and time. In the event the registration number isn’t valid then you can inform your supplier since there may be a lot of reasons for this kind of response, including an authentic 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.
Performing a vat registration number check is extremely important if you are planning to purchase services or goods from vat registered traders in another country that also adheres to 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 ends up being incorrect.