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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 perhaps any other member EU country that has embraced vat then you need to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services to your country. It is really fairly simple to conduct a vat number check http://vatcontrol.com/vat on the internet before you decide to spend your hard-earned money.

VAT or value added tax is really a system of taxing products or services that’s followed in several countries across the globe including most eu countries. If you are a trader in the United Kingdom that is importing services or goods from other eu countries where vat has already been 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 purchase your goods originating from a vat registered trader or exporter overseas so the chain of vat continues as soon as the goods or services are imported to the UK.

However, there may be a chance 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. When this happens, you may not have the ability to reclaim any vat on that transaction, which in turn will raise your costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that usually takes a short time whenever you log on to the official European Commission or EUROPA website that permits you to conduct a vat registration check and validate if your supplier has indeed provided you with a genuine vat number.

All you need to do is log on to the EUROPA website ec.europa.eu directly or visit the hmrc vat department website and follow the link provided at the site. All you need to do is to pick the eu country of the supplier, type in 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 your vat number is valid.

If 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 an authentic mistake in providing you with the vat number to willful wrongdoing on your supplier?s part. You should remember that ultimately it is 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 plan to buy goods or services 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 a lot of money and pain should the supplied vat number ends up being incorrect.