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

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

VAT or value added tax is really a system of taxing products or services that’s followed in several countries across the globe including most eu countries. If you’re a trader in the UK that may be importing services or goods from other eu countries where vat was already paid in the nation http://vatcheck.com of origin you’ll be able to make application for a vat refund. This may allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you purchase your goods originating 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 offering you a fake or expired vat number on the vat invoice. In such a case, you may 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 actually thus vitally important to conduct a vat check that usually takes only a few minutes 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 that you should 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 need to do is always to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You will now need 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 a particular date and time. If the registration number is not valid then you can tell your supplier since there could be a lot of reasons for this kind of response, including a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it is your business that will suffer if you fail to conduct a vat number check.

Performing a vat registration number check is extremely important if you are planning to buy goods or services from vat registered traders in a foreign country which follow the system of vat. The actual 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 should the supplied vat number ends up being incorrect.