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


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If you are a vat registered trader in the United Kingdom or even in any 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 plan to import goods or services into your country. It is actually quite 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 a system of taxing goods and services that’s followed in several countries around the world including most eu countries. If you’re a trader in the UK that is importing services or goods from other eu countries where vat was already paid in the nation of origin then you can vat check apply for a vat refund. This will permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you purchase your goods originating from a vat registered trader or exporter in another country so the chain of vat continues as soon as the goods or services are imported into the UK.

However, there may be a possibility that an unregistered vat trader might attempt to dupe you of your savings by charging you vat whilst 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 inturn will raise your costs and deny you your rightful refund. It is actually thus vitally 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 the supplier has indeed given you 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 have to do is to choose the eu country of the supplier, enter the vat number of your proposed supplier, choose your country code, and enter your own personal 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 evidence of having conducted the check at the 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.

Conducting a vat registration number check is very important if you plan to purchase services or goods 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 business lots of money and pain in case the supplied vat number turns out to be incorrect.