Policy paper

VAT: prompt payment discounts

This Tax Information and Impact Note explains a change to UK VAT law on prompt payment discounts to bring it into line with EU VAT law.

Documents

VAT: prompt payment discounts

Details

This measure will protect revenue by aligning UK VAT law on prompt payment discounts with EU VAT law. It will make sure VAT is charged on the full amount paid.

Published 19 March 2014