![]() Easily issue a VAT compliant invoice to your customers in just a few minutes.Ĭlick here to Download UK VAT Invoice With Discount Excel Template. ![]() We have created a UK VAT Invoice With Discount excel template with predefined formulas and formatting as per the above guidelines. UK VAT Invoice With Discount Excel Template Taxable Amount: GBP 500 – GBP 50 = GBP 450.įinal Invoice Amount: GBP 450 + GBP 90 = GBP 540. Therefore, the calculation will be as follows: Supplier ABC sells goods worth GBP 500 to his customer offering a discount of 10%. ![]() You need to calculate VAT on the Taxable amount. Furthermore, the VAT is charged on discounted prices. The supplier cannot provide a discount on the final invoice amount which is VAT inclusive. Source: According to the rules, the rate of discount if applicable has to be shown on the invoice. Rate of VAT charged per item – if an item is exempt or zero-rated make clear no VAT on these items The tax point (or ‘time of supply’) if this is different from the invoice dateĬustomer’s name or trading name, and address Unique invoice number that follows on from the last invoice Guidelines For UK VAT Invoice With Invoice
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