Commentary

RCB/67/07 VAT—rebates and credit notes relating to customer discounts and associated payments

Part V16 Forms and other HMRC material

RCB/67/07 VAT—rebates and credit notes relating to customer discounts and associated payments

RCB/67/07 VAT—rebates and credit notes relating to customer discounts and associated payments

Revenue & Customs Brief, Issue 67. 9 November 2007

This Revenue & Customs Brief explains the VAT treatment of rebates, credit notes and similar transactions relating to business promotions between suppliers and their customers.

Background

Revenue & Customs Brief 8/07 (RCB/8/07, Division V16.3) explains the VAT treatment of manufacturers' cash back payments. That brief covers payments that occur outside the direct supply chain. This brief explains the correct VAT treatment for supplier discounts, volume rebates and charges made by the customer when promoting the suppliers' products.

The table below outlines the differing

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