VATTOS5205 | Actual tax points: VAT invoices: introduction

A VAT invoice is perhaps the most common of the tax point triggers. It can create an actual tax point under section 6(4) of the VAT Act 1994 (see VATTOS2225) before the basic tax point occurs and after the basic tax point under section 6(5) and (6)(see VATTOS2230 and VATTOS2235).Most of the time of supply regulations also involve the creation of a tax point by the issue of a VAT invoice. Regulations 85, 86 and 90 of the VAT Regulations 1995 also allow period VAT invoices for suppliers wishing to issue a single document to cover payments due over a period of up to one year (see VATTOS5220).