What is a VAT invoice?
A Value-Added Tax (VAT) invoice is a document issued by an accountable person setting out the details of a taxable supply and all related information as prescribed by VAT law.
A VAT invoice must issue within fifteen days of the end of the month in which goods or services are supplied.
Why are VAT invoices important?
The information given on a VAT invoice is the basis for establishing your VAT liability on the supply of goods or services.
It also enables your VAT registered customers to reclaim the VAT charged to them.
Next: Who must issue a VAT invoice?