Tag Archives: VAT

Invoicing and VAT in the UK

Posted on October 15, 2010 by Quentin Pain

In the UK and most of the EU there are rules on what must appear on a sales invoice if you are registered for VAT. Obviously those rules vary from one country to another, and you will need to check … Continue reading →

Posted in VAT | Tagged , | 1 Comment

VAT Early Settlement Discount

Posted on September 28, 2010 by Quentin Pain

In the UK, if you allow a discount for early settlement of an invoice (aka prompt payment) then the VAT is calculated on the discounted amount regardless of whether the discount is taken. Sub Total: 10.00 VAT: 1.58 Net Total: … Continue reading →

Posted in Tax, VAT | Tagged , , , , | 4 Comments