Policy paper

Revenue and Customs Brief 49 (2014): VAT - Prompt Payment Discounts

This brief provides guidance on what to do when you raise or receive a VAT invoice offering a Prompt Payment Discounts from the 1 April 2015 when the change takes effect.


Appendix A - example Prompt Payment Discounts invoice

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.


Revenue and Customs brief is a bulletin giving information on developments and changes of interest. They are used to announce changes in policy or to set out the legal background to an issue and have a 6 month life span.

Published 22 December 2014