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BILLING REGULATIONS IN THE UK

 

Invoicing and Receipts.  

  

When you sell a customer a product or service, you are required to give him an invoice if you are both registered for Value Added Tax (VAT), i.e., a business to business transaction. An invoice is not the same as a receipt. The invoice must clearly display the word “invoice” and include the following:

  • a unique identification number;

  • your company name, address, and contact information;

  • the company name and address of the customer you are invoicing;

  • a clear description of what you are charging for (good or service);

  • the date the goods or service were provided (supply date);

  • the date of the invoice;

  • the date the payment is due;

  • the amount(s) being charged;

  • VAT amount, if applicable; and

  • the total amount owed.

More detailed information about VAT Invoice requirements can be found here.



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