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Use this tool to verify if your supplier is registered for VAT

by , 09 November 2016
Use this tool to verify if your supplier is registered for VATYou have to include the VAT registration number of the recipient of goods or services on any tax invoice you issue.

If you want to check if your supplier is really registered for VAT, use SARS' VAT vendor search tool to verify the VAT number so you can issue tax invoices correctly.

Here's how the VAT vendor search tool works.

***************VAT Errors in Invoices****************

Errors in VAT invoices could cost you thousands!

Are there any inaccuracies in your VAT invoices? You may be charged a very high penalty!

The truth is brutal! Even if it wasn't you who made the mistake, it may be you who will bear the consequences. If SARS has found inaccuracies, you will be assessed, held liable to penalties and interest and possibly even additional tax! You may even be prosecuted!


Find out more here

**********************

What's the VAT vendor search tool?
 
The VAT vendor search has been designed to help you verify that your supplier or client is really registered with SARS.
 
As you know, SARS wants you to include the VAT registration number of the recipient of goods or services on any tax invoice issued.
 
SARS designed the VAT vendor search tool to help you with this.
 
SARS explains in its website that the list of vendors registered for VAT is included in the VAT vendor search as an extended search or a web service.
 
'This information is only available to vendors who are registered with eFiling. However, the search function to verify whether persons who supply goods and/or services are registered for VAT is still available to business enterprises and members of the public,' says SARS.
 
SARS adds that if it doesn't have the correct particulars of an enterprise on record, 'the VAT vendor search may indicate the vendor isn't registered and any tax invoice issued to other vendors or tourists may be rejected.'
 
****************VAT Registration****************

Don't take up to six months to register for VAT!
 
One of the biggest problems with VAT registrations is not having the right supporting documents and not complying with SARS' requirements. The registration process can take up to six months.

Well it doesn't have to be a problem for you.

I have a solution to ensure you walk into a SARS office 100% prepared for your VAT registration.

Here's a plan you can follow to register for VAT and get it the same day...


Find out what these are here...

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Here's how to use the VAT vendor search tool to verify that your supplier is registered with SARS
 
Before you start, you would need at least one of the following details.
  • The VAT registration number, if you know that or received it from a client or supplier.
  • The trading name of the business.
SARS says it updates the database weekly. 'Consequently, where vendors are newly registered, the number being searched may not yet appear.' So keep this in mind when doing your search.

It's important to issue tax invoices correctly. And checking that your supplier is registered is the first step to doing this. So make use of SARS' VAT vendor search tool.

P.S. Have you pre-ordered your 2017 edition of the Practical VAT Handbook yet? Click below to get yours now




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