Commentary

V3.134 Tax point—VAT invoice issued by the supplier/recipient

Part V3 Supplies, acquisitions and imports

V3.134 Tax point—VAT invoice issued by the supplier/recipient

V3.134 Tax point—VAT invoice issued by the supplier/recipient

Under the general rule described in V3.131, a tax point is created when the supplier issues a VAT invoice in respect of it1.

This applies as follows:

  1.  

    •     Where the VAT invoice is issued before the time when goods are removed or made available or services are performed2, ie the basic tax point described in V3.132, the supply is treated as taking place on the date of the invoice to the extent covered by the invoice3.

  2.  

    •     Where the VAT invoice is issued, or a self-billing invoice is provided, within 14 days,

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