- Failure to validate VAT numbers can lead to unexpected costs and penalties
- Misuse of VAT numbers is a common aspect of VAT fraud
- Lack of due diligence in the supply chain can affect HMRC risk rating
- Recent court case emphasizes the need for valid invoices to support tax claims
- Recruitment businesses face additional pressure to ensure compliance in their supply chains
- HMRC expects businesses to implement robust controls for VAT treatment
- RSM’s VAT Number Checker software helps validate VAT numbers and manage risks efficiently
- The software allows bulk validation of UK and EU VAT numbers, as well as company names and addresses
- It is a self-serve tool with no usage restrictions
- The software can identify valid VAT numbers not affiliated with the expected entity, helping to prevent fraud.
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.