VAT ANNEX 2
VAT INVOICES
Whenever goods or services on which VAT is chargeable are supplied to another VAT-registered person or business, a VAT registered supplier must give them a document showing certain information about what they are supplying. This document is called a VAT invoice.
Normally a VAT invoice must be issued within 30 days of the date of supply.
What details must a VAT invoice include?
A full VAT invoice must show:
- a unique and sequential identifying number
- the supplier's name, address and VAT registration number
- the date of issue of the invoice
- time of supply (tax point) - if different from date of issue of the invoice
- the customer's name (or trading name) and address
- a description identifying the goods or services supplied
- the unit price
- the rate of any cash discount offered
- the total amount of VAT charged, shown in sterling
- the gross total amount payable, excluding VAT
For each description of goods and services it must show the following:
- quantity of goods or extent of the services
- rate of VAT
- amount payable, excluding VAT
For some low value invoices less information needs to be provided. If there is uncertainty over whether an invoice meets the minimum requirements advice should be sought from the VLO.
Page Published / Updated: May 2008