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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 even in some 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 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 goods and services that’s followed in a number of countries around the world including most eu countries. If you are a trader in the UK that may be www.vatnumbers.com importing services or goods from other eu countries where vat has already been paid in the nation of origin you’ll be able to apply 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 buy 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 just might be a chance 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. In such a case, you might not have the ability to reclaim any vat on that transaction, which inturn will raise your costs and deny you your rightful refund. It is actually thus vitally important to conduct a vat check that usually takes a short time whenever you get on the official European Commission or EUROPA website that permits 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 check the page provided at the site. All you need to do is always to choose the eu country of the supplier, type in the vat number of your proposed supplier, choose your country code, and type in your own 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 need to print the validation screen as evidence of having conducted the check at a particular date and time. In the event the registration number isn’t valid you’ll be able to tell your supplier since there could be a lot of reasons for such a response, including an authentic mistake in supplying you with the vat number to willful wrongdoing on the supplier?s part. You sould never forget that ultimately it is your business that will suffer if you fail to conduct a vat number check.

Conducting 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 exact checking process hardly takes more than a few seconds and performing a vat check will definitely save your valuable business lots of money and pain in case the supplied vat number turns out to be incorrect.