VAT invoice checklist
VAT regulations require that all registered businesses issue invoices which contain various pieces of information and details.
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.
Related Topics
-
Deadline to pay Class 1B NI
-
HMRC speeds up National Insurance refunds
HMRC has confirmed that it is using a new automated process to speed up National Insurance refunds. Where its records suggest that someone may have overpaid, HMRC will write to them asking them to check their employment and contribution details before any refund is processed. Could you be due money back?
-
Should you voluntarily payroll benefits in kind?
The window to sign up to voluntarily payroll non-mandatory benefits in kind for 2027/28 will open in November. Is it worth volunteering to pay HMRC earlier than required or should you wait until it becomes mandatory in 2028/29?