![]() VAT rate charged per item (plus notes for exempt items) Rate of per-item discount (if applicable) The VAT registration number of the supplier Time of supply, also referred to as the “tax point” The name and address of the business receiving the goodsĭescription of goods/services, including quantities A full VAT invoice should show the following: Depending on which form of invoice you need to use, there are slightly different stipulations regarding what information needs to be included. There are several types of VAT invoice: a simplified invoice (used for retail supplies under £250), a modified invoice (used for retail supplies over £250), and a full invoice. If your VAT taxable turnover is more than £85,000, then you’ll need to register for VAT with HM Revenue and Customs (HMRC) and start sending VAT invoices. Should you be registered for VAT? There’s a simple way to check. Incoterms, including delivery and paymentĪ VAT invoice, also known as a tax invoice, is a specific type of invoice that needs to be used if you or your customer are registered for VAT. Harmonised system (HS) tariff code and a basic description of the goods Quantity, gross/net weight of goods, number/weight/type of packages Price, payment method, currency, discounts, and additional charges Number and date of issue of the purchase order, proforma invoice, or sales contract ![]() Number and date of issue of the commercial invoice Commercial invoices require more information than standard invoices, so when you send a commercial invoice document, ensure that you include the following information:įull name, address, and contact details of the buyerįull name, address, and contact details of the seller If you’re shipping goods overseas, you’ll need to include a commercial invoice with your shipment. Do you know which type of invoice you need to be dealing with? If not, check out our comprehensive guide to commercial invoices vs. If you’ve just started a new business and are sending or receiving invoices for the first time, you may come across the following terms: commercial invoice and VAT invoice.
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