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

If you’re 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 intend to import goods or services into your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat over the internet before you decide to 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’re a trader in the United Kingdom that may be importing goods or services from other eu countries where vat was already paid in the country of origin you’ll be able to apply for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you buy your goods originating from a vat registered trader or exporter in another country so that the chain of vat continues as soon as the services or goods are imported to the UK.

However, there just might be a chance 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. When this happens, 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 thus very important to conduct a vat check that usually takes a short time whenever 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 visit the hmrc vat department website and follow the link provided at the site. All you need to do is always 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 will now have to click on verify, upon which the verification software will inform you if your vat number is valid.

Whenever possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. In the event the registration number isn’t 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 is your business which will suffer if you fail to conduct a vat number check.

Performing a vat registration number check is extremely important if you plan to buy services or goods from vat registered traders in a foreign country that also follow the system of vat. The exact 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 in case the supplied vat number turns out to be incorrect.