Conduct a vat check of your respective 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 you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is actually fairly simple to conduct a vat number check over the internet before you part with your hard-earned money.

VAT or value added tax is really a system of taxing goods and services that’s followed in several 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 has already been paid in the country of origin you’ll be able to 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 purchase your goods from a vat registered trader or exporter in another country so the chain of vat continues as soon as the services or goods are imported into 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 even while offering you a fake or expired vat number on the vat invoice. When this happens, you may not 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 typically 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 the 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 visit the hmrc vat department website and check the page provided at the site. All you need to do is always to pick the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and enter your own personal vat number. You may now have 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 proof of having conducted the check at the 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, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it is your business that will suffer if you fail to conduct a vat number check.

Conducting a vat registration number check is extremely important if you plan to purchase 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 lots of money and pain in case the supplied vat number ends up being incorrect.