TBA Global


  • If the tax point date is prior to 1 January 2021, the transaction is reportable as ICA/ICS in the VAT return
  • Goods moved into/from Northern Ireland are still ICA/ICS goods – the Northern Ireland Protocol
  • UK businesses are not obliged to submit Intrastat Dispatches and EC Sales List reports (unless the goods are moved from NI)
  • Intrastat reporting declarations should still be submitted, however in the VAT return items coming from the EU are also reportable as import
  • Businesses can apply for Postponed Import VAT Accounting, or reclaim import VAT based on C79 document

There are certain requirements regarding the content of an invoice, which includes:

  • a sequential number based on one or more series which uniquely identifies the document
  • the time of the supply (tax point)
  • the date of issue of the document (where different to the time of supply)
  • Supplier name, address and VAT registration number
  • the customer name and address
  • a description sufficient to identify the goods or services supplied
  • for each description, the quantity of the goods or the extent of the services, the rate of VAT, and the amount payable excluding VAT
  • the gross total amount payable, excluding VAT
  • the rate of any cash discount offered
  • the total amount of VAT chargeable
  • the unit price

In case a VAT invoice includes zero-rated or exempt supplies, those items clearly have to show that there’s no VAT payable and a separate total for their values have to be indicated as well. It is also possible to issue simplified VAT invoices if the value of goods is less than £250 and the customer also agrees to have a simplified invoice for the items.





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