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Conduct a vat check of your supplier before finalizing your transaction


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If you are a vat registered trader in the UK or perhaps some other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, particularly if you intend to import services or goods to 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 a system of taxing goods and services that’s followed in several countries around the world including most eu countries. If you are a trader in the United Kingdom that may be importing goods or services from other eu countries where checkvatnumber vat has already been paid in the country of origin you’ll be able to apply for a vat refund. This may permit you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary that you purchase your goods 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 to 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. When this happens, you might not have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that usually takes a short time 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 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 check the page provided at the website. All you need to do is to choose the eu country of your supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own vat number. You may 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. In the event the registration number isn’t valid then you can inform your supplier since there could be a lot of reasons for this kind of response, ranging from 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 don’t conduct a vat number check.

Performing a vat registration number check is very important if you are planning to buy services or goods from vat registered traders in another country which adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will certainly save your business lots of money and pain in case the supplied vat number ends up being incorrect.