Conduct a vat check of your respective supplier before finalizing your transaction

If you are a vat registered trader in the United Kingdom or perhaps some other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you plan to import services or goods to your country. It is really quite simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.

VAT or value added tax is a system of taxing products or services that is followed in several countries around the world including most eu countries. If you’re a trader in the UK that is importing goods or services from other eu countries where vat has already been paid in the country of origin then you can vat check apply for a vat refund. This may permit 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 that the chain of vat continues when the services or goods are imported into the UK.

However, there just might be a possibility that an unregistered vat trader might try to dupe you of your savings by charging you vat even while 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 inturn will raise your costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that typically takes a short time when you get on the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your 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 go to the hmrc vat department website and check the page provided at the website. All you need to do is always to pick the eu country of your supplier, enter 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.

If possible, you need to print the validation screen as evidence of having conducted the check at the particular date and time. In the event the registration number is not valid then you can tell your supplier since there may be many reasons for such a response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget 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 which adheres to the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business a lot of money and pain should the supplied vat number ends up being incorrect.