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HMRC internal manual

VAT Traders’ Records Manual

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HM Revenue & Customs
Updated
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The obligation to keep records: The VAT account

Every taxable person must keep a VAT account summarising the totals of the output tax and the input tax for each tax period. The content of the VAT account is prescribed in VAT Regulations 1995, regulation 32. Further information, including an example of a VAT account, is contained in Notice 700: The VAT Guide