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normal vat invoice

Forums › ACCA Forums › ACCA TX Taxation Forums › normal vat invoice

  • This topic has 0 replies, 1 voice, and was last updated 9 years ago by sasha.
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  • September 1, 2015 at 4:03 pm #269445
    sasha
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    • Topics: 99
    • Replies: 141
    • ☆☆☆

    It sounds quite dumb but I really haven’t understood what this ”invoice” means? so I did not understand points below:

    1. a vat invoice must be issued when a standard rated supply is made a vat registered business
    2. no invoice is required if the supply is exempt, zero-rated or to a non-registered customer.

    3. A vat invoice should be issued within 30 days of the date that the taxable supply is treated as being made.

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