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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 UK or perhaps any other member EU country that has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import goods or services into your country. It is actually fairly 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’re a trader in the United Kingdom that may be importing goods or services from other eu countries where http://checkvatnumber.com 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 purchase your goods originating from a vat registered trader or exporter overseas so that the chain of vat continues when the goods or services are imported into the UK.

However, there may be a possibility that an unregistered vat trader might attempt to dupe you of your savings by charging you vat even while offering you a fake or expired vat number on the vat invoice. When this happens, 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 thus very important to conduct a vat check that typically takes only a few minutes whenever you get on the official European Commission or EUROPA website that allows you to conduct a vat registration check and validate if the supplier has indeed given you 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 follow the link 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 enter your own personal vat number. You will now need 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 may be a lot of reasons for such a 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 is your business which 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 goods or services 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 performing a vat check will certainly save your valuable business lots of money and pain in case the supplied vat number ends up being incorrect.