V3.525 Wholesalers' invoice

HMRC have indicated1 that cash register till rolls provided by cash and carry wholesalers may be adapted to serve as VAT invoices. The following requirements must be observed—

  1.  

    (1)     different classes of goods must be clearly identified by a product code of at least two digits;

  2.  

    (2)     product code lists must be maintained and provided to VAT-registered customers;

  3.  

    (3)     the till roll must contain all the details required to be shown on a VAT invoice2; and

  4.  

    (4)     copy till rolls and product lists must be retained for six years or

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