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Conduct a vat check of your supplier before finalizing your transaction


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If you’re a vat registered trader in the United Kingdom or even in any other member EU country which 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 to your country. It is really quite simple to conduct a vat number check on the internet before you part with 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 services or goods from other eu countries where vat was already paid in the nation vatcheck of origin you’ll be able to make application for a vat refund. This will permit you to reclaim vat paid earlier in order to avoid double-taxation. However, it is necessary that you simply buy 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 just might be a chance 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 might not be able to reclaim any vat on that transaction, which in turn will raise the 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 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 that you should 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 site. All you need to do is to choose 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 isn’t valid you’ll be able to inform your supplier since there could be many reasons for this kind of 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 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 services or goods from vat registered traders in another country which 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 valuable business lots of money and pain in case the supplied vat number turns out to be incorrect.