Tag: VAT
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Invoicing and VAT in the UK
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 with your local inland revenue service, but there are some general rules that you should…
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UK VAT Early Settlement Discount or PPD New Rules
Understanding UK VAT Early Settlement Discount (Prompt Payment Discount) Rules This article, last checked and updated July 2025 (see this), explores the rules around VAT and early settlement discounts, also known as prompt payment discounts (PPD), in the UK. The approach to VAT on early payment discounts changed significantly from 1st April 2015. Below, you’ll…