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

If you're a vat registered trader in the UK or perhaps any other member EU country which has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you plan to import goods or services into your country. It is actually fairly simple to conduct a vat number check over the internet before you decide to 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're a trader in the United Kingdom that may be importing goods or services from other eu countries where vat was already paid in the country of origin then you can apply for a vat refund. This will 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 in another country so that the chain of vat continues when the goods or services are imported into 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 whilst providing you with a fake or expired vat number on the vat invoice. In such a case, you may not www.vatcheck.com be able to reclaim any vat on that transaction, which inturn 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 when you log on to the official European Commission or EUROPA website that allows 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 follow the link provided at the website. All you have to do is always 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 may now need to click on verify, upon which the verification software will inform you if the vat number is valid.

Whenever possible, you should try 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 supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it's 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 purchase services or goods 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 definitely save your business a lot of money and pain in case the supplied vat number ends up being incorrect.