Conduct a vat check of your supplier before finalizing your transaction

If you’re a vat registered trader in the UK or even in any other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you plan to import goods or services to your country. It is actually quite simple to conduct a vat number check over the internet before you decide to part with your hard-earned money.

VAT or value added tax is 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 UK that is importing goods or services from other eu countries where vat was already paid in the nation vatcheck of origin you’ll be able to apply 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 simply purchase your goods originating from a vat registered trader or exporter overseas so the chain of vat continues when the goods or services are imported into the UK.

However, there may be a chance 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. In such a case, you might 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 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 your 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 choose the eu country of your supplier, type in the vat number of your proposed supplier, choose your 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 the 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 isn’t valid then you can tell your supplier since there may be many reasons for such a response, ranging from an authentic mistake in providing you with the vat number to willful wrongdoing on the supplier?s part. You should remember that ultimately it is 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 are planning to buy services or goods from vat registered traders in another country which adheres to the system of vat. The exact 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 in case the supplied vat number ends up being incorrect.