- Recent changes by HMRC no longer require reasons for zero-rated or VAT exempt supplies on invoices
- VAT invoices with standard or reduced rate VAT must follow specific regulations
- Incorrect or invalid VAT invoices can impact both supplier and recipient
- Common issues with VAT invoices include incorrect addressing, lack of description, incorrect VAT rates, and foreign currency without GBP conversion
- Carelessness in issuing VAT invoices can lead to payment delays, loss of reputation, and additional costs for corrections.
Source: saffery.com
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.
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