Conduct a vat check of your supplier before finalizing your transaction

If you are a vat registered trader in the UK or even in any other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly 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 decide to part with your hard-earned money.

VAT or value added tax is a system of taxing goods and services that is followed in a number of countries around the world 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 of origin you’ll be able to http://vatcheck.com apply 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 simply buy your goods originating from a vat registered trader or exporter overseas so the chain of vat continues as soon as the services or goods are imported to 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 whilst providing you with 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 in turn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that typically takes only a few minutes whenever you get on 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 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 have to do is always to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and enter your own personal vat number. You may now need to click on verify, upon which the verification software will inform you if the vat number is valid.

Whenever 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 isn’t valid you’ll be able to inform your supplier since there may be a lot of reasons for this kind of response, ranging from an authentic 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 which will suffer if you don’t conduct a vat number check.

Conducting a vat registration number check is very important if you plan to buy services or goods from vat registered traders in another country that also adheres to 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 lots of money and pain in case the supplied vat number ends up being incorrect.