Value Added Tax Consolidation Act 2010 section 70

Time limits for issuing invoices, etc.

Section 70 sets out the time limits for issuing VAT invoices, credit notes and amended invoices.

• A VAT invoice, credit note or other required document must be issued within 15 days following the end of the month in which the supply took place, as specified by regulations.
• An amended invoice (for example, following a flat-rate farmer adjustment) must also be issued within the same regulatory time limit of 15 days after the month-end.
• Where advance payments are received before a supply is completed, an invoice must be issued within 15 days following the end of the month in which the payment or instalment was received.
• The advance payment invoicing rule does not apply to intra-Community acquisitions specified in paragraphs 1(1) or 1(2) of Schedule 2.