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HMRC internal manual

VAT Small and Medium Enterprises Assurance Manual

Check on business activities: tax points

  • record on the ‘Other Details’ tab (located in the ‘Accounts Details’ screen with the EF Summary) the precise tax points applicable to the types of supply made (for example basic, date of issue of the tax invoice, likelihood of prepayments, any exceptions), and test the system to ensure that the trader is complying with them; and
  • in the case of retailers, refer to schemes and to the notice for the relevant scheme. Record whatever detail the trader needs to consider to arrive at accurate DGT, and check through his audit trail to ensure compliance.