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

If you're a vat registered trader in the United Kingdom or even in some other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import services or goods to your country. It is really fairly simple to conduct a vat number check on the internet before you decide to spend your hard-earned money.

VAT or value added tax is a system of taxing products or services that is followed in a number of countries across the globe 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 checkvatnumber.com vat has already been paid in the nation of origin then you can apply for a vat refund. This will permit 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 overseas so the chain of vat continues as soon as the goods or services are imported into the UK.

However, there may be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while 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 your 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 provided you with a genuine vat number.

All that you should 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 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 your 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. In the event the registration number isn't valid then you can inform 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's your business that will suffer if you fail to 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 a foreign country that also follow the system of vat. The actual 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.