Glossary ยท Self-billing

Credit note

A document that corrects or reduces a previously issued invoice.

A self-billed credit note is raised by the customer to correct a self-billed invoice; it reverses the relevant VAT and reduces the balance owed, showing as a negative on a statement.

Read the related guide โ†’

General information, not tax advice โ€” confirm your own position with your accountant or HMRC.

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