Conduct a vat check of your supplier before finalizing your transaction

If you are a vat registered trader in the United Kingdom or even in any other member EU country which 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 into your country. It is really quite simple to conduct a vat number check on the internet before you decide to part with your hard-earned money.

VAT or value added tax is really a system of taxing products or services that is followed in a number of countries around the world including most eu countries. If you’re a trader in the United Kingdom that is importing goods or services from other eu countries where vat was already paid in the nation of origin you’ll be able to make application for a vat refund. This will allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you buy your goods originating from a vat registered trader or exporter overseas so the chain of vat continues as soon as the goods or services are imported to the UK.

However, there just might be a possibility that an unregistered vat trader might attempt 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 might not www.vatcheck.com be able to reclaim any vat on that transaction, which in turn will raise the 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 a genuine 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 follow the link provided at the website. All you have to do is to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own vat number. You will 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 a particular date and time. In the event the registration number is not valid then you can inform your supplier since there could be many reasons for this kind of response, including an authentic 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 that will suffer if you don’t conduct a vat number check.

Performing a vat registration number check is very important if you are planning to purchase services or goods from vat registered traders in another country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will definitely save your business lots of money and pain should the supplied vat number turns out to be incorrect.