The Value Added Tax (Amendment) (No. 5) Regulations 2007

VAT invoices

7.  In regulation 14 (contents of VAT invoice)—

(a) in paragraph (1)(a) for “an identifying number” substitute “a sequential number based on one or more series which uniquely identifies the document”;

(b) after paragraph (1)(m) insert—

“(n) where a margin scheme is applied under section 50A(1) or section 53 of the Act, a relevant reference or any indication that a margin scheme has been applied,

(o) where a VAT invoice relates in whole or part to a supply where the person supplied is liable to pay the tax, a relevant reference or any indication that the supply is one where the customer is liable to pay the tax.”;

(c) in paragraph (2)(a) for “(j) and (m)” substitute “(j), (m), (n) and (o)”;

(d) after paragraph (2)(f) omit “and”;

(e) after paragraph (2)(g) insert—

“, and

(h) where the supply is an exempt or zero-rated supply, a relevant reference or any indication that the supply is exempt or zero-rated as appropriate.”;

(f) omit paragraph (5); and

(g) after paragraph (7) insert—

“(8) In this regulation, a “relevant reference” is—

(a) a reference to the appropriate provision of Council Directive 2006/112/EC(2), or

(b) a reference to the corresponding provision of the Act.”.

(1)

Section 50A was inserted by section 24(1) of the Finance Act 1995 (c.4).

(2)

OJ No L 347, 11.12.2006, p1.