Conduct a vat check of your respective supplier before finalizing your transaction

If you're a vat registered trader in the UK or perhaps some other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import services or goods into your country. It is actually fairly simple to conduct a vat number check vatcontrol.com/vat over 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 a number of countries around the world including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where vat was already paid in the country of origin then you can 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 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 to the UK.

However, there just might be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. In such a case, 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 thus very important to conduct a vat check that typically takes a short time when you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed provided you with a genuine vat number.

All you need to 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 website. All you need to do is to pick the eu country of the supplier, enter 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 your vat number is valid.

Whenever possible, you need to print the validation screen as proof of having conducted the check at a particular date and time. If the registration number isn't valid you'll be able to tell your supplier since there may 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 the supplier?s part. You sould never forget that ultimately it is your business which will suffer if you don't conduct a vat number check.

Performing a vat registration number check is extremely important if you are planning to purchase goods or services from vat registered traders in another country that also follow the system of vat. The exact checking process hardly takes more than a few seconds and performing a vat check will certainly save your business lots of money and pain in case the supplied vat number turns out to be incorrect.