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

If you’re a vat registered trader in the United Kingdom or even in some other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you intend to import services or goods to your country. It is actually fairly simple to conduct a vat number check on the internet before you spend your hard-earned money.

VAT or value added tax is really a system of taxing goods and services that is followed in several countries across the globe including most eu countries. If you are a trader in the UK that is http://vatnumbers.com importing services or goods from other eu countries where vat was already paid in the nation of origin then you can make application 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 overseas so that 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 try to dupe you of your savings by charging you vat whilst providing you with 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 the costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that usually takes a short time when you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your supplier has indeed provided you with 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 site. All you have to do is to pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and enter 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.

If possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number is not valid then you can tell your supplier since there may be many reasons for this kind of response, including a genuine mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it’s your business which will suffer if you fail to conduct a vat number check.

Conducting a vat registration number check is very important if you are planning to buy services or goods from vat registered traders in a foreign country which adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business a lot of money and pain in case the supplied vat number turns out to be incorrect.