Commentary

V7.426 Supply—VAT invoices

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.426 Supply—VAT invoices

Part V7 Tax planning | Commentary

V7.426 Supply—VAT invoices

A VAT invoice is an important document because it is essential evidence to support a customer's claim for input tax. In effect, therefore, a registered business must issue a VAT invoice to all customers who are also registered for VAT. However, there is no obligation to issue an invoice in the following circumstances:

  1.  

    •     if the supplies in question are zero-rated or exempt

  2.  

    •     supplies where the customer cannot reclaim input tax, eg in relation to motor cars or business entertainment

  3.  

    •     supplies on which VAT is charged but the goods are provided free of charge, eg

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