Commentary

V7.427 Supply—electronic invoicing

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.427 Supply—electronic invoicing

Part V7 Tax planning | Commentary

V7.427 Supply—electronic invoicing

Electronic invoicing is the transmission and storage of invoices by electronic means – as an alternative to the delivery of paper documents.

Basically, an electronic invoice should contain the same information as a paper invoice – HMRC also specify a number of other conditions that must be met by a business. An important condition is for HMRC officers to have full access to the system being adopted, and to be able to carry out their usual checks on VAT visits to verify the accuracy of returns submitted.

Note – a business can also send invoices by fax

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