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

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

VAT or value added tax is a system of taxing products or services that’s followed in several countries around the world including most eu countries. If you’re a trader in the UK that may be importing goods or services from other eu countries where vat was already paid in the nation of origin you’ll be able to make application for a vat refund. This will allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is important that you simply buy your goods from a vat registered trader or exporter overseas so that the chain of vat continues when the services or goods are imported into the UK.

However, there may be a possibility that an unregistered vat trader might try 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 might not vat check be able to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that typically takes a short time when 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 an authentic 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 have 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 enter 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 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 then you can tell your supplier since there could be many reasons for such a response, ranging from an authentic mistake in supplying you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it is your business that will suffer if you don’t conduct a vat number check.

Conducting a vat registration number check is very important if you are planning to purchase services or goods from vat registered traders in a foreign 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 valuable business a lot of money and pain should the supplied vat number ends up being incorrect.