Conduct a vat check of your supplier before finalizing your transaction

If you are a vat registered trader in the United Kingdom or even in some other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, particularly if you plan to import services or goods into your country. It is really fairly simple to conduct a vat number check over the internet before you spend your hard-earned money.

VAT or value added tax is really a system of taxing products or services that is followed in several countries around the world including most eu countries. If you are a trader in the United Kingdom that is importing goods or services from other eu countries where checkvatnumber.com 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 necessary that you buy your goods originating from a vat registered trader or exporter overseas so the chain of vat continues when the goods or services are imported to the UK.

However, there may 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. When this happens, you may not 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 whenever you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed given you 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 check the page provided at the website. 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 enter 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.

Whenever possible, you need to print the validation screen as evidence of having conducted the check at a particular date and time. In the event the registration number isn’t valid you’ll be able to tell your supplier since there could be a lot of reasons for this kind of response, including an authentic mistake in providing 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 don’t conduct a vat number check.

Conducting a vat registration number check is very important if you plan to purchase goods or services from vat registered traders in a foreign country that also adheres to the system of vat. The actual checking process hardly takes more than a few seconds and performing a vat check will definitely save your business a lot of money and pain should the supplied vat number turns out to be incorrect.