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 some other member EU country that has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, particularly if you plan to import goods or services to your country. It is actually fairly simple to conduct a vat number check on the internet before you spend your hard-earned money.

VAT or value added tax is a system of taxing products or services that’s followed in a number of countries around the world including most eu countries. If you are 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 vatcheck.com apply for a vat refund. This may allow 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 overseas so the chain of vat continues when the services or goods are imported to the UK.

However, there just might be a chance 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 might not be able to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that usually takes a short time whenever you log on to 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 follow the link provided at the site. 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 enter your own personal vat number. You will now need to click on verify, upon which the verification software will inform you if the vat number is valid.

If 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 you’ll be able to inform your supplier since there may 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 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.

Conducting a vat registration number check is extremely important if you are planning to purchase 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 conducting a vat check will definitely save your valuable business a lot of money and pain should the supplied vat number ends up being incorrect.