- VAT is a transaction tax and invoices are important evidence
- HMRC can reject input tax claims due to inaccurate invoices
- VAT registered persons must provide VAT invoices for supplies of goods or services in the UK
- Exceptions include zero-rated supplies, gifts, and supplies under special schemes
- Self-billing invoices and certain other documents are treated as VAT invoices
- Sales by auctioneers and authenticated receipts in the construction industry are also treated as VAT invoices
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
