VAT records to be kept

What sales records do you keep?

You must record every sale and the amount charged to your customers including your intra-Community supplies and exports.

Your sales records should be separated into the different Value-Added Tax (VAT) rates including the exempt transactions. If you do not have a facility for separating sales VAT on transactions there are special schemes dealing with sales to unregistered persons.

Your sales should be supported by records, such as:

• invoices (to registered customers)
• sales dockets
• sales receipts
• cash register tally rolls
• delivery notes
• cash book
• VAT information exchange system (VIES) documents
• Intrastat returns
• stamped copies of single administrative documents (SADs) and other import documents
• bank statements.

Next: How long do you keep records for?