VATCheck.com Offers Online Free VAT Registration Check for European Union Traders
VATCheck.com offers the free Value Added Tax registration check service to verify the VAT identification numbers of European Union companies.
Online, September 4, 2012 (Newswire.com) - The European Union requires the application of Value Added Tax to all goods and services that are bought and sold in the European Community. VAT is essentially a general tax assessed on the value added to goods and services - which requires compliance from companies planning to operate in the EU territory. Adhering to and adopting the EU VAT System are Estonia, Denmark, Bulgaria, Ireland, Latvia, Poland, Spain, Italy, Luxembourg, Belgium, Hungary, Slovak Republic, Czech Republic, Portugal, Sweden, Finland, Slovenia, Austria, Netherlands, Greece, Germany, France, Romania, Malta, Lithuania, and Cyprus.
The basic EU VAT rule provides that if two EU companies are registered for VAT, neither of them will have to pay or reclaim VAT in their mutual supplies and purchases. However, Import VAT is payable on the goods that traders are buying, provided that they are importing goods from outside the European Union. Given the dynamics of trading within the EU business landscape, it is a must for businesses to verify the VAT Identification of their suppliers and customers prior to actually finalizing transactions with them.
VATCheck.com is a website that allows for the verification of the validity of a business' EU VAT registration - for free. The leading online VAT registration check platform allows for the easy checking of new customers, as well as the re-checking of existing ones on a quarterly basis.
Because of the simple and straightforward free VAT registration check service and website design, VATCheck.com visitor traffic has doubled in just three short months. Arguably the most reliable service in the EU, the website has maintained 100% uptime the latest three months.
VATCheck.com visitors may simply verify the validity of an EU VAT identification number issued by a Member State by specifying the VAT number, and then selecting the Member State which allocated the number. The verification process is conducted with reference to the National VAT Database via a secure Intranet service connecting national Customs and Taxation administrations. Response is then sent back in a few seconds.
To know more about the free vat registration check for EU companies, please visit http://vatcheck.com/ for information.