This guide explains the details of what you need to do when you issue or receive a credit note or a debit note.

If a person returns goods to a supplier for a full or partial credit the supplier shall adjust the VAT on the transaction by replacing the invoice, or issue a credit as appropriate.

If you replace returned goods with goods of lesser or greater value, you must adjust the VAT on the transaction by issuing a credit note or debit note.

If you obtain a credit note or debit note or issue a credit note or debit note, you must record this in your records. On your next VAT return, you must record the adjustments in the appropriate columns.

In this section...