This guidance note provides information about basic tax points. Depending on the order of events in relation to when a supply is made, an invoice is issued and the supply is paid for, a supply may have a basic tax point and one or more actual tax points. Actual tax points can override basic tax points. For information about actual tax points, see the Time of supply ― actual tax points guidance note.
For detailed commentary on the tax point rules, see De Voil Indirect Tax Service V3.131 to V3.143.
There are three kinds of event that can trigger a basic tax point for goods and one for services. See the separate sections below. When identifying the basic tax point of a supply, the first step is to identify whether the supply is a supply of goods or a supply of services. When that has been determined the next step is to consider which tax point applies.
For information on how to identify
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