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Input tax and purchase invoice requirements

24 June 2024 / Neil Warren
Issue: 4942 / Categories: Comment & Analysis , HMRC powers , input tax , VAT Regulations 1995 , VAT
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Key points

  • In the Fount case HMRC said that the invoices contained inadequate information but the tribunal disagreed.
  • HMRC could have asked the business for more details rather than allow the appeal to proceed to the tribunal.
  • Invoices must comply with reg 14 of the 1995 VAT Regulations.
  • It may only take a few extra words for the invoice to be compliant.

VAT tribunal cases on a particular subject can be like the number 37 bus in Manchester: you get none for a long time and then three suddenly arrive together. That has happened recently with First-tier Tribunal (FTT) cases about input tax and one of them – lost by HMRC – continues to cause me more confusion than a difficult sudoku puzzle after two glasses of wine.

As I sit in a darkened room – trying to fathom out why HMRC took Fount Construction Ltd (TC9144) to a...

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