CONSULT.Outcome publishedConsultation · gov.uk

VAT: Prompt Payment Discounts

A consultation about VAT invoicing and accounting arrangements when prompt payment discounts are taken up in relation to supplies made on or after 1 April 2015.

Last fetched 03 May 2026 · gov.uk

Detail

Changes to UK legislation relating to VAT and prompt payment discounts will take effect in relation to supplies made on or after 1 April 2015. HMRC would like to receive views or suggestions on how the businesses affected should make consequent accounting adjustments. These will be used to inform any guidance HMRC may issue.

Documents

VAT: Prompt payment discounts application/pdf VAT: Prompt Payment Discounts - Summary of Responsesapplication/pdf