VAT invoice checklist
VAT regulations require that all registered businesses issue invoices which contain various pieces of information and details.
Related Topics
-
Do dividend waivers still work?
You need to take a dividend from your company but there’s just one problem. Your business partner, who is also a 50% shareholder, doesn’t want to take any more income from the company during this tax year. What’s the solution?
-
Save tax by combining directors’ loan accounts
You started a company last year and it’s time to prepare its first accounts. Your director’s loan account (DLA) is in credit but your spouse’s is overdrawn. Might amalgamating the DLAs avoid or reduce a tax charge?
-
Updated guidance on mandatory payrolling of benefits in kind
Much like the rollout of mandatory payrolling of benefits in kind, HMRC guidance on the matter is coming in dribs and drabs. What's the latest?
Valid VAT invoices
If you are registered for VAT, valid invoices are important for two main reasons:
- you can be fined if you don’t issue these to your customers
- you cannot reclaim VAT on your purchases without one.
The VAT regulations set out the minimum requirement for information to be included on invoices. There are exceptions and modifications to these rules, such as the right of retailers to issue simplified documents, but most businesses must comply fully with the rules. Our checklist will help you ensure the invoices you issue and receive come up to scratch.
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.