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


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If you’re a vat registered trader in the United Kingdom or even in some other member EU country that has embraced vat then you need to conduct a vat check of your supplier before finalizing your transaction, especially if you intend to import services or goods into your country. It is actually quite simple to conduct a vat number check on the internet before you spend your hard-earned money.

VAT or value added tax is really 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 UK that is importing services or goods from other eu countries where vat has already been paid in the country of origin then you can 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 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 services or goods are imported into the UK.

However, there may be a chance that an unregistered vat trader might attempt to dupe you of your savings by charging you vat whilst providing you with a fake or expired vat number on the vat invoice. When this happens, you may not vat check be able to reclaim any vat on that transaction, which in turn will raise the costs and deny you your rightful refund. It is thus very important to conduct a vat check that typically takes only a few minutes when you log on to the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed provided you with an authentic vat number.

All that you should 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 pick the eu country of your supplier, type in the vat number of your proposed supplier, choose your own 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.

If possible, you need to print the validation screen as proof of having conducted the check at the particular date and time. In the event the registration number is not valid then you can tell your supplier since there could be a lot of reasons for this kind of response, ranging from a genuine mistake in supplying 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 very important if you plan to purchase goods or services from vat registered traders in another country that also adheres to the system of vat. The exact checking process hardly takes more than a few seconds and conducting a vat check will definitely save your business lots of money and pain should the supplied vat number turns out to be incorrect.