4 April 2015 | Taxation, Technology
There are two recommended Ways to handle the new rule when you bill a customer. You can either issue an invoice showing:
If you offer discounts to customers who pay promptly VAT is now worked out on the full price unless they actually pay on time. lt’s recommended that invoices now show full terms of the discount and a note saying that the customer can only reclaim the amount of VAT they actually pay.
If you need more advice or help with updating your computer software, then please contact Sue.
The information provided is for general information purposes only.
Legislation and details may have changed since this was written. The text may not include all matters that are relevant to your individual situation.
You should not make decisions, or refrain from making decisions, without taking further professional advice about your specific circumstances.
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