If you’re running a retail business and have customer-facing tills, you must have the option of providing a full VAT receipt to your customers.
That receipt has to have your VAT number on it and must contain all the required information that’s needed for the customer to claim back their VAT.
Find out what information you need on a VAT receipt
What you need to provide
- If you’re a B2B business, you must display the pre-VAT price and provide a full VAT receipt to your business customers
- If you’re a B2C business, you must display the full price (including VAT) and have the facility to provide a full VAT receipt if a customer requests one.
If you’re looking to upgrade your POS systems to deal with VAT, we can help. Give us a call on 01454 300 999, or drop an email to email@example.com
Find out more about the FD Works’ approach to finance at fd-works.co.uk