UK VAT invoice requirements

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.

If the business is issuing and / or receiving electronic invoices, then it should also read the Electronic invoicing guidance note for more information.

A tax invoice shows certain VAT details regarding the supply of goods and services. It can be either in paper or electronic form. A VAT registered customer is required to have possession of a valid tax invoice from the supplier in order to recover any VAT charged by the supplier.

A tax invoice forms part of the required accounting documentation that must be retained by a business and will be reviewed by HMRC as part of an audit.

HMRC tax invoice requirements in the UK

A tax invoice must show the following information:

•
a sequential number based on one or more series which uniquely identifies

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Value Added Tax

Reverse charge ― buying in services from outside the UK

Reverse charge ― buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services ― overview guidance note. For

15 Dec 2020 14:02 | Produced by Tolley Read more

Employment Tax

Parking provision and expenses

Parking provision and expensesCar parking facilities at or near to the employee’s workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting

14 Jul 2020 11:09 | Produced by Tolley Read more

Owner-Managed Businesses

Interest on late paid tax

Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:•set statutory

14 Jul 2020 12:00 | Produced by Tolley in association with Philip Rutherford Read more

��Ƶ