Parker 1090 wrote: What would be the problem with issuing a new invoice for every new tax point?
Sometimes I can’t invoice at the time of delivery of services simply because of the remote location with no communications.
The invoice date is the date from which the due by date is calculated.
VAT returns get messy.
Some invoices can’t be produced until all the costs are in - individual invoices would annoy the client and quickly get out of hand.
I’m not sure of any software that actually supports varying tax points per invoice line? I think this would make the software massively complex and clutter the UI for the vast majority of users. In all honesty it’s not likely to be something we’ll take forward.
There’s an interesting discussion here related to this subject:
Here is a definition for the “Time of Supply” referenced from the HMRC website. It seems that by virtue of an invoice being issued that would automatically be assumed as the time of supply.
Time of supply for goods and services
The time of supply (tax point) for VAT purposes is defined as follows: For transactions where no VAT invoice is issued (for example, sales to customers who aren’t registered for VAT) - the time of supply is normally the date the supply physically takes place (as defined below). For transactions where there is a VAT invoice - the time of supply is normally the date of the invoice, even if this is before or after the date the supply physically took place (as defined below).