������Ƶ

Information Sheet 16/03, 3 December 2003

This Information Sheet explains the changes to VAT invoicing from 1 January 2004.

1 Introduction

1.1 What is this information sheet about?

It explains changes to VAT invoicing from 1 January 2004 following implementation of the EC VAT Invoicing Directive (2001/115/EC) in the UK.

1.2 Who does this affect?

There are minor invoicing changes that will affect all VAT registered businesses who have to issue VAT invoices to their customers. The changes will also affect those businesses wishing to use self-billing or electronic invoicing.

2 Summary of changes

2.1 What are the changes to VAT invoicing?

The changes are as follows—

1. ��

   —�������� Minor changes to the contents of a VAT invoice as listed in reg 14, to add “unit price” and remove the type of supply and some sterling requirements.

2. ��

   —�������� Conditions for self-billing to be placed in Regulations and a Notice.

3. ��

   —�������� Conditions for electronic transmission and storage of invoices to be placed in Regulations.

Translation of invoices