Conduct a vat check of your supplier before finalizing your transaction

If you're a vat registered trader in the United Kingdom or perhaps any other member EU country which has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is actually quite 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 goods and services that's followed in a number of countries around the world including most eu countries. If you're a trader in the United Kingdom that may be importing services or goods from other eu countries where vat was already paid in the nation of origin you'll be able to vatcheck.com apply for a vat refund. This may allow you to reclaim vat paid earlier in order to avoid double-taxation. However, it is important that you simply buy your goods originating from a vat registered trader or exporter in another country so the chain of vat continues when the services or goods are imported into the UK.

However, there may be a possibility 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 be able to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is thus very important to conduct a vat check that usually takes a short time whenever you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if your 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 visit the hmrc vat department website and check the page provided at the website. All you have to do is always to pick the eu country of the supplier, enter the vat number of your proposed supplier, choose your own country code, and type in your own vat number. You will now have 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 is not valid you'll be able to 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.

Performing a vat registration number check is extremely important if you are planning to buy goods or services from vat registered traders in a foreign country that also 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 valuable business lots of money and pain in case the supplied vat number ends up being incorrect.