Commentary

V3.526 Invoice for continuous supplies

Part V3 Supplies, acquisitions and imports

V3.526 Invoice for continuous supplies

V3.526 Invoice for continuous supplies

Taxable persons making the following supplies may issue a single invoice for successive payments falling due within a one-year period instead of issuing separate invoices for each individual payment1

  1.  

    (1)     the grant, assignment or surrender of a major interest in land2 where all or part of the consideration for the grant is payable periodically or from time to time;

  2.  

    (2)     the following supplies made under an agreement which provides for successive payments—

  3.  
    1.  

      (a)     water other than—

    2.  
      1.  

        (i)     distilled water, deionised water, or water of similar purity; and

      2.  

        (ii)     water comprised in any of

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