Conduct a vat check of your supplier before finalizing your transaction

If you are a vat registered trader in the United Kingdom or perhaps any other member EU country that has embraced vat you will want to conduct a vat check of your supplier before finalizing your transaction, particularly if you intend to import goods or services into your country. It is really fairly simple to conduct a vat number check https://vatcontrol.com/vat over the internet before you decide to part with your hard-earned money.

VAT or value added tax is a system of taxing goods and services that’s followed in several countries across the globe 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 has already been paid in the nation of origin you’ll be able to make application for a vat refund. This may allow you to reclaim vat paid earlier so as to avoid double-taxation. However, it is necessary 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 services or goods are imported into 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 providing you with 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 thus vitally 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 go to the hmrc vat department website and follow the link provided at the website. All you have to do is to pick 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 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. In the event the registration number is not valid you’ll be able to inform 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 the supplier?s part. You sould never forget that ultimately it’s your business that will suffer if you don’t conduct a vat number check.

Performing a vat registration number check is extremely important if you are planning to purchase services or goods from vat registered traders in a foreign country that also follow 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 lots of money and pain in case the supplied vat number ends up being incorrect.