What is self-billing?
Instead of a supplier issuing a VAT notice in the standard way, self-billing is an arrangement that allows a customer to prepare the supplier’s invoice and forward it to the supplier complete with the VAT payment.
Any business can adopt self-billing, providing the supplier agrees to the request and both parties are VAT-registered.
Source Innovate Tax
Latest Posts in "European Union"
- Brussels Eyes Green VAT Reform to Boost Reuse, Donations and Clean Company Cars
- Organised Crime Outpaces the EU’s Anti-Fraud Defences
- EU Introduces New Customs Charge on Low-Value Imports
- European Commission Launches Consultation on VAT and the Circular Economy
- CJEU Set to Decide VAT Deduction Timing Dispute
