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HMRC internal manual

VAT Time of supply

Time of supply: legislation (VAT Regulations 1995): UK secondary law: Regulation 94A general


94A In this Part a reference to receipt of payment (however expressed) includes a reference to receipt by a person to whom a right to receive it has been assigned.


This regulation applies in situations where a supplier has assigned the right to receive payment for the supply to somebody else. This can occur, for example, under factoring arrangements. It puts beyond doubt that a customer’s payment direct to the assignee still counts as having been received by the original supplier for the purposes of the time of supply regulations. See also VATTOS5115.