Farmers and the Flat-rate Scheme
Issuing a settlement voucher
A Value-Added Tax (VAT) registered person may prepare a settlement voucher when making a purchase from an unregistered farmer.
Where that settlement voucher:
- is issued prior to the issue of a flat-rate invoice
- contains all the information required to be included on a flat-rate invoice
- is accepted by both parties to the transaction
it is deemed to be a VAT invoice in respect of that transaction.