Conduct a vat check of your supplier before finalizing your transaction

If you’re 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, especially if you intend to import services or goods to your country. It is actually quite simple to conduct a vat number check over the internet before you part with 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 United Kingdom that may be importing goods or services from other eu countries where vat has already been paid in the nation of origin then you can make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you purchase your goods from a vat registered trader or exporter in another country so that the chain of vat continues when 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 http://vatcheck.com 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 very important to conduct a vat check that typically 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 your supplier has indeed given you an authentic 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 have to do is always to pick the eu country of your supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own personal vat number. You may 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 a particular date and time. In the event the registration number is not valid then you can tell your supplier since there may be many reasons for such a 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 is your business that will suffer if you don’t conduct a vat number check.

Performing a vat registration number check is very important if you are planning to buy goods or services from vat registered traders in a foreign country which adheres to the system of vat. The actual checking process hardly takes more than a few seconds and conducting a vat check will definitely save your business a lot of money and pain in case the supplied vat number ends up being incorrect.