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UK Vat on sales invoices - future dated

Tim Randall's Profile

Hi We issue sales invoices for annual software support and issue them about 45 days in advance of the renewal date. Can we issue them with an invoice date of the renewal date (ie post-dated) rather than issue date? So for example, sales invoice produced and issued to customer today 18th July but with an invoice date of 1st Sept

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Topic Expert
Jake Feldman
Title: Managing Director
Company: Global TaxFin Advisory Group LLC
(Managing Director, Global TaxFin Advisory Group LLC) |

Hi Tim

Seems like you can do this presuming you don't recognize the revenue until the invoice date. See UK VAT webpage below that addresses invoice in advance of supply (or service)

https://www.gov.uk/vat-record-keeping/time-of-supply-or-tax-point

Companies sometimes encounter difficulties with dating differently than issuance date due to limitations with their invoicing system.

Jake

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