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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 UK or even in any other member EU country which has embraced vat you will want to conduct a vat check of the supplier before finalizing your transaction, especially if you plan to import services or goods into your country. It is really quite simple to conduct a vat number check over the internet before you spend your hard-earned money.

VAT or value added tax is really a system of taxing products or services that is followed in several countries around the world including most eu countries. If you are a trader in the United Kingdom that may be importing goods or services from other eu countries where vat was already paid in the nation http://vatcheck.com of origin then you can make application 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 buy your goods from a vat registered trader or exporter in another country so that the chain of vat continues as soon as the services or goods are imported to 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 even while offering you a fake or expired vat number on the vat invoice. When this happens, you might not have the ability to reclaim any vat on that transaction, which inturn will raise the costs and deny you your rightful refund. It is thus vitally important to conduct a vat check that usually takes only a few minutes whenever you get on 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 go to the hmrc vat department website and check the page provided at the website. All you need to do is always 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 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 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 inform your supplier since there may be many reasons for such a response, ranging from a genuine mistake in supplying you with the vat number to willful wrongdoing on the 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 very important if you plan to buy goods or services from vat registered traders in a foreign country that also adheres to the system of vat. The actual 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 turns out to be incorrect.