VAT Calculation on Invoices

In line with the HMRC requirements under the current scheme, VAT is calculated on our invoices against each individual product/purchase line, rather than being calculated on the total goods figure, as one amount.

In view of this from time to time it is possible that if you calculate VAT on the total goods figure on the invoice, rather than line by line product, the VAT figure can be different by pence, due to rounding.