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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 United Kingdom or even in some other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods to 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 really a system of taxing goods and services that is followed in several countries across the globe including most eu countries. If you are a trader in the UK that is www.vatnumbers.com importing services or goods from other eu countries where vat was already paid in the country of origin then you can make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you buy your goods from a vat registered trader or exporter overseas so the chain of vat continues when the services or goods are imported to the UK.

However, there just might 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. In such a case, 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 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 given you an authentic 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 site. All you have to do is to pick the eu country of your supplier, enter the vat number of your proposed supplier, choose your country code, and type in your own personal vat number. You may now have 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 evidence of having conducted the check at the 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 such a response, ranging from a genuine mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You sould never forget that ultimately it is your business which will suffer if you fail to conduct a vat number check.

Performing a vat registration number check is extremely important if you are planning to purchase 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 performing a vat check will definitely save your valuable business lots of money and pain should the supplied vat number turns out to be incorrect.