Key domestic legislation: VAT Regulations 1995 (SI 1995/2518), Part III
Subject to the exceptions outlined below, a VAT invoice must be issued for all business-to-business (B2B) supplies of goods or services and on request for business-to-consumer (B2C) retail supplies. The normal time limit for issue is within 30 days of the time of supply. The 30-day limit does not create a tax point.
Furthermore, the 30-day limit can be extended without approval from HMRC if:
- Ìý
•ÌýÌýÌýÌý the business is waiting for VAT invoices from suppliers or subcontractors;
- Ìý
•ÌýÌýÌýÌý an extension of the 14-day tax point limit (see below) has already been approved;
- Ìý
•ÌýÌýÌýÌý special accounting
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