Valid VAT Invoices - IMPORTANT

 

You be able to see the following details on any VAT invoices before you reclaim the VAT: 

 

• a sequential number based on one or more series which uniquely identifies the document 

 

• the time of the supply 

 

• the date of issue of the document (where different to the time of supply) 

 

• the name, address and VAT registration number of the supplier 

 

• the name and address of the person/company to whom the goods or services are supplied. This is the only person/company who can reclaim. 

 

• a description sufficient to identify the goods or services supplied 

 

• for each description, the quantity of the goods or the extent of the services, and the rate of VAT and the amount payable, excluding VAT, expressed in any currency 

 

• the gross total amount payable, excluding VAT, expressed in any currency 

 

• the rate of any cash discount offered 

 

• the total amount of VAT chargeable, expressed in sterling 

 

• the unit price 

 

• the reason for any zero rate or exemption 

 

Special rules apply to invoices issued under a margin scheme or subject to a reverse charge. You need to follow the rules for such supplies. 

 

 

 

If the charge for the individual supply is: 

 

• £250 or less (including VAT), then you can use an invoice showing the suppliers name, address and VAT registration number, the time of supply (tax point), a description which identifies the goods or services supplied, and for each VAT rate applicable, the total amount payable, including VAT shown in sterling and the VAT rate charged - exempt supplies must not be included in this type of VAT invoice 

 

• more than £250 you must ask for a VAT invoice, then you will be issued either a full VAT invoice or modified VAT invoice, showing VAT inclusive rather than VAT exclusive values. 

 

An example of these would be restaurant bills.