Commentary

V3.520 Information to be shown on a credit note

Part V3 Supplies, acquisitions and imports

V3.520 Information to be shown on a credit note

V3.520 Information to be shown on a credit note

Credit note issued following change in rate of VAT

Regulations1 made under VATA 1994 s 88(5) and Sch 11 para 2(10)(b) state that a credit note issued in connection with an election under VATA 1994 s 88(2)2 must be headed “Credit note—change of VAT rate” and contain the following particulars3

  1.  

    (1)     an identifying number;

  2.  

    (2)     the date of issue;

  3.  

    (3)     the name, address and registration number of the supplier;

  4.  

    (4)     the name and address of the person to whom the supply was made;

  5.  

    (5)     the identifying number and date of issue

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