Value added tax

What records must I keep to complete my VAT return?

Customs and Excise expect you to keep proper records and evidence of income and expenditure to support your claims. These include:

  • Sales invoices - which must include the net amount, the tax charged and the total amount. Invoices must also include your VAT registration number. It will help you to record all sales invoices in a sales ledger.
  • Purchase invoices (that is, bills) showing suppliers' VAT registration numbers. It will help you to record all purchase invoices in a purchases ledger.
  • Credit notes - if you issue them to customers, they reduce the amount of output tax; if suppliers issue them to you, they reduce the amount of input tax
Back to previous