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 any other member EU country which has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import goods or services 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 goods and services that’s followed in several countries across the globe including most eu countries. If you are a trader in the UK that may be www.vatnumbers.com importing services or goods 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 may permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply buy your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues as soon as the services or goods are imported into the UK.

However, there may 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 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 whenever 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 provided you with a genuine 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 follow the link provided at the site. All you need to do is to choose the eu country of your supplier, type in the vat number of your proposed supplier, choose your own country code, and type in your own 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 many reasons for such a response, ranging from an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it’s your business which will suffer if you fail to conduct a vat number check.

Conducting a vat registration number check is extremely important if you plan to buy goods or services from vat registered traders in a foreign country that also follow the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain should the supplied vat number ends up being incorrect.