In the US, Sales Tax is simple. In the UK and Europe, VAT (Value Added Tax) is complex and strictly regulated. A "VAT Invoice" requires specific information beyond a standard invoice.
Required Fields for VAT Invoices
- Your VAT Number: Must be clearly visible.
- The Tax Date: The date the service occurred (tax point).
- VAT Rate Per Item: You must list which items are 20%, 5%, or 0% VAT.
- Total VAT Amount: The total amount of tax being charged, separate from the subtotal.
Our Invoice Generator includes a specific "Tax/VAT" column toggle to handle these calculations automatically.