Simplified invoices: when a till receipt is enough
For a small sale, a shorter VAT invoice is allowed. Learn what it shows and how the buyer finds the VAT inside it.
This path is practice in how the records and the sums work. It is not tax advice. Any rate or allowance in a question is an example for that question, so check GOV.UK for the current figures.
Task 1A shorter invoice for a small sale3 questions
A full VAT invoice is a lot of detail for a small sale. For a sale up to a set limit, the seller may give a simplified invoice instead. A till receipt from a shop is often one.
The limit has been £250, including VAT, for many years. It is set in law, so check GOV.UK for the current figure.
- The seller's name, address and VAT registration number
- The tax point
- A description of the goods or services
- For each rate of VAT, the total including VAT, and the rate
It does not need the customer's name and address. It does not need to show the net amount or the VAT as separate figures.
Task 2Finding the VAT in a simplified invoice5 questions