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Glossary

• Accounting Records
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• VAT - Overview
• VAT - Register
• VAT - Schemes
• Year End

Prepare an invoice

A VAT invoice must generally show:

• an invoice number which is unique and follows on from the number of the previous invoice
• the seller's name or trading name and address
• the seller's VAT registration number
• the invoice date
• the tax point - the time when a sale is treated by HM Revenue & Customs (HMRC) as taking place - if this is different from the invoice date
• the customer's name or trading name and address
• a description of the goods or services

For each different type of item you sell, you must show the:

• unit price or rate, excluding VAT
• quantity of goods or the extent of the services
• rate of VAT that applies to the items being sold
• total amount payable, excluding VAT
• rate of any cash discount
• total amount of VAT charged

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