What is a VAT receipt?
September 22, 2022What is a VAT receipt?
What is VAT?
![Diagram showing how input VAT and output VAT work](https://images.prismic.io/ember-bank/deb274fa-846b-4576-bbe0-9ccd72abc97c_VAT_IMG2.png?auto=compress,format)
What’s the difference between a VAT receipt and a VAT invoice?
VAT invoice requirements
What does a simplified VAT receipt look like?
What if I lose my VAT receipt?
VAT record keeping: best practices
VAT account example
Input tax | £ | Output tax | £ |
---|---|---|---|
VAT paid on business expenses | VAT charged on sales | ||
January | 2,215.23 | January | 2,780.23 |
February | 1,626.47 | February | 2,305.81 |
March | 2,792.01 | March | 3,302.45 |
Sub-total | 6,633.71 | Sub-total | 8,388.49 |
Other adjustments (specify) | Other adjustments (specify) | ||
Total tax deductible | 6,633.71 | Total tax payable | 8,388.49 |
Payable to HMRC | 1,754.78 |