What should a VAT invoice contain?
A VAT registered trader making a supply to another taxable person must issue a VAT invoice within 30 days of the relevant tax point.
A VAT invoice must contain certain information including:
VAT registration number
The tax point
The rate of VAT for each supply
The VAT exclusive amount for each supply
The total VAT exclusive amount
The amount of VAT payable
The invoice date and invoice number
The type of supply
The quantity and description of the goods supplied
The company’s name and address
The name and address of the customer
If a sales invoice is meant to be valid for VAT purposes i.e. a separate VAT invoice does not need to be issued, then all of the above needs to be included in the sales invoice.
Otherwise, a separate VAT invoice will need to be issued.
Simplified VAT invoice
A less detailed VAT invoice may be issued by a taxable person where the invoice is for a total including VAT of up to £250.
Such an invoice must show:
The supplier’s name, address and registration number
The date of the supply
A description of the goods or services supplied
The rate of VAT chargeable
The total amount chargeable including VAT
Zero-rated and exempt supplies must not be included in less detailed invoices.